Long-term investment decision, payback method Personal Finance Problem Ball Waliams has the opportunity to invest in propect A that costs 59.300 today and promises to pay $2,100,$2,600,$2,600,$2,100 and $1,800 over the next 5 years. Or, Bal can invest $9,800 in project B that promises to pay $1,600,$1,600,$1,600,$3,400 and $3,900 over the next 5 years (Hint: Focmioed stream cash inflows, calculate cumulafive cash infiows on a year-to-year basis until the indial investrent is recovered) a. How long wil it take for Bil to recoup his hitial investment ha 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 Bal choose? d. Do you see any problems with his choice