David won the lottery and has $360,000 of play money to invest. His CPA suggested a self-directed IRA and two investment options: car wash or storage unit facility. "Both projects would have a five-year life and would be subject to MACRS depreciation," David's CPA told him. A.) David asks for additional information on cash flow patterns and purchase costs for both proposals. Car Wash Storage Facility Yi $ 112,500 Yi $ 120,000 Y2 $ 142,500 Y2 $ 120,000 Y3 $ 60,000 Y3 $ 120,000 Y4 $ 120,000 Y4 $ 120,000 Y5 $ 90,000 Y5 $ 120,000 I.) What is the payback period for the car wash assuming it costs $360,000? 3 points. ii.) What is the payback period of the storage facility assuming it costs $360,000? 3 points B.) Would these projects be mutually exclusive or independent, as priced? What's the difference to David's decision? 1 point. C.) Based solely on payback analysis, which project should be accepted? Briefly explain. 3 points