Consider the following three projects. All three have an initial investment of $800,000. (Click the icon to view the investments.) Requirements Requirement 1. Determine the payback period of each project. Rank the projects from most desirable to least desirable based on payback. First. determine the pavback period of each proiect. (Enter the pavback period as a numeral.) Enter any number in the edit fields and then click Check Answer. A. 0 Data Table X Net Cash Inflows Project L Project M Project N Year Annual Accumulated Annual Accumulated Annual Accumulated Year 1 $ 160,000 $ 160,000 $ 10,000 $ 10,000 $ 400,000 $ 400,000 Print Done Year 2 160,000 320,000 110,000 120,000 400,000 800,000 Year 3 160,000 480,000 680,000 800,000 Year 4 160,000 640,000 730,000 1,530,000 2,310,000 Year 5 160,000 800,000 780,000 Year 6 160.000 960.0001 Year 5 160,000 780,000 2,310,000 Year 6 160,000 800,000 960,000 1,120,000 1,280,000 Year 7 160,000 Year 8 160,000