Consider the following projects:

Cash Flows ($)
Project	C0	C1	C2	C3	C4	C5
A	1,200	1,200	0	0	0	0
B	2,400	1,200	1,200	4,200	1,200	1,200
C	3,000	1,200	1,200	0	1,200	1,200

a. If the opportunity cost of capital is 12%, which project(s) have a positive NPV?

Positive NPV project(s)

	Project A
	Project B
	Project C
	Projects A and B
	Projects A and C
	Projects B and C
	Projects A, B, and C
	No project

b. Calculate the payback period for each project: (Round your answers to 2 decimal places. If a project never pays back, enter "0".)

Project A	year(s)
Project B	year(s)
Project C	year(s)

c. Which project(s) would a firm using the payback rule accept if the cutoff period were three years?

Project(s) accepted

d. Calculate the discounted payback for each project. (Do not round intermediate calculations. Round your answers to 2 decimal places. If a project never pays back, enter "0".)

Project A	year(s)
Project B	year(s)
Project C	year(s)

e. Which project(s) would a firm using the discounted payback rule accept if the cutoff period were three years?

Project(s) accepted