Long-term investment decision, payback method Personal Finance Problem Bai Wiliams has the cpportunily to invest in project A that conts $7,100 today and promises to pay $2,200,$2,600, $2,600,$2,000 and $1,700 over the next 5 years. Or, Ball can invest $7,100 in profoct 8 that promises to pary $1,400,$1,400,$1,400,$3,500 and $3,900 over the next 5 years. (Fint For miked a. How long wit it take for 8 all to recoup his intial investment in peoject A ? b. How long wil it take for Bet to recoup his incial imbestment in projoct B? c. Using the payback period, which project should Bull choose? d. Do you see any problems with fis choice? a. For Bitl to rocoup his infitial livestment in peopect A, twil take years. (Round to two decimal places)