Consider the following projects:

Cash Flows ($)ProjectC₀C₁C₂C₃C₄C₅A1,7001,7000000B3,4001,7001,7004,7001,7001,700C4,2501,7001,20001,7001,700

a.If the opportunity cost of capital is 9%, which project(s) have a positive NPV?

Positive NPV project(s)

Project AProject BProject CProjects A and BProjects A and CProjects B and CProjects A, B, and CNo 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 Ayear(s)Project Byear(s)Project Cyear(s)

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

Project(s) accepted

(Click to select)

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

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 Ayear(s)Project Byear(s)Project Cyear(s)

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

Project(s) accepted

(Click to select)

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