Flagbbons Construction is analyzing its capital expenditure proposals for the purchase of upment in the coming year. The capital budget is limited to $12,000,000 for the year. Laura Berarter, sal analyst at Fitbbons, la properyan analysis of the three projects under consideration by Culin Pitegoons, the company's owner HE (Click the icon to view the data for the three projects) (Click the icon to view the Future Value of $1 factors.) Click the toon to view the future Value of Annuity of $1 factors) (Click the loon to view the Present Value of 1 factors.) Click the icon to view the Present Value of Annuity of factors.) Read the moments Requirement 1. Because the company's cash is limited, Fitrybben thinks the payback method should be used to choose between the capital budgeting projects Calculate the payback period for each of the three projects ignore Income (Round your rewers to two decimal poo) Project A years Projects Data Table Project years Using the payback method, which project() should probbons choco? Project Project Project Projected cash outflow Projects and Netinal investment $ 8.000.000 $ 4.000.000 $ 8.000.000 Project Projects Aand Projected cashinews Project Yeart $ 2,050,000 $ 1,100,000 $ 400.000 Project Year 2 2.050,000 2,300,000 4.700.000 Projects A , and Years 2.050.000 700.000 50,000 Yeard Projects A and B 2.050.000 25,000 Enter any number in the edit fields and then continue to the next question Required rate of retum BN 8 SN