Exercise 26-16 Investment decisions, no calculations PI P3 P4 Lopez Co, is considering three alternative investment projects below. Which project is preferred if management makes its decision based on (a) payback period. ( ) net present value, and (c) internal rate of retur? Payback period... Net presenta Intermate from Project 1 Project 2 Prefecta 3.5 years 4 year 3.2 yun $25,000 $2,000 $18.000 125 11.45 10:33