Homework: Ch 9 HW (Part 1) Score: 0 of 10 pts P9-6 (similar to) Save 4 of 7 (3 complete) HW Score: 27.78%, 27.78 of 100 pts Question Help Comparing payback period and discounted payback period. Nielsen, Inc. is switching from the payback period to the discounted payback period for small-dollar projects. The cutoff period will remain at three years. Given the following four projects' cash flows and using a discount rate of 7%, determine which projects it would have accepted under the payback period and which it will now reject under the discounted payback period Cash Flow Project 1 $9,000 $4,000 $4,000 $4,000 $10,000 $5,000 $3,500 $2,000 ect 3 $7,000 $2,000 $2,500 $3,000 Project 4 $24,000 $10,000 $16,000 0 Initial Cost Year 1 Year 2 Year 3 Which projects that would have been accepted under payback period method will now be rejected under the discounted payback period method? (Select the best response.) O A. Project 1, project 3, project 4 O B. Project 2, project 3, project 4 0 C. Project 1, project 2, project 3 O D. None of them