Long-term investment decision, payback method Personal Finance Problem Ba Wiliams has the opportunity to invest in project that costs $9,100 today and promises to pay $2,100 $2.500, 52.500, 52000 and $1,900 over the next 5 years. Or, Bill can invest 59.100 in project that promises to pay $1500, 51,500 $1,500, $3,400 and $3.900 over the next 5 years (Hint For more stream cash inflows, calculate cumulative cash inflows on a year to year basis until the initial investment is recovered) a. How long will take for Bill to recoup his initial investment in project A? b. How long will it take for Bill to recoup his initial investment in project B? c. Using the payback period, which project should Bill choose? d. Do you see any problems with his choice