Given the cash flows of the four projects, A, B, C, and D, and using the Payback Period decision model, with a three year cut-off period for recapturing the initial cash.

Given the cash flows of the four projects, A, B, C, and D, and using the Payback Period decision model, with a three year cut-off period for recapturing the initial cash outflow, which project would be best? Assume that the cash flows are equally distributed over the year for Payback Period calculations. Projects A B C D Investment $10,000 $25,000 $45,000 $100,000 Year 1 $4,000 $2,000 $10,000 $40,000 Year 2 $4,000 $8,000 $15,000 $30,000 Year 3 $4,000 $14,000 $20,000 $20,000 Year 4 $4,000 $20,000 $20,000 $10,000 Year 5 $4,000 $26,000 $15,000 $0