FV- V The Moose Creek Chemical Company is analyzing the following two mutually exclusive projects, and the required rate of return is 9% Year MT Project Antler Project O (Initial Outlay) -400,000 -400,000 1 62,500 100,000 2 62,500 100,000 3 62,500 100,000 4 62,500 100,000 5 325,000 100,000 3. (12 points) If the maximum number of years for the payback period decision rule is 4, which of these projects are acceptable and which would be chosen? Calculate the payback period. (Interpolate if necessary)