Long-term investment decision, payback method Personal Finance Problem Bin Williams has the opportunity to invest in project A that costs 57.400 today and promises to pay 52 100 $2.500 $2.500.51 900 and 51.900 over the next 5 years Or. Bal can invest 57 400 in project that promises to pay 31,300 $1,300, 51,300, $3,500 and 54,100 over the next 5 years (Hint For maxed stream cash inflows calculate cumulative cash inflows on a year-to-year basis until the initial investment is recovered) a. How long will it 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? a. For Bal to recoup his initial investment in project A It will take years (Round to two decimal places