Madson Company is analyzing several proposed investment projects The firm has resources only for one project
		Project P		Project Q		Project R		Project S		Project T
	Cost of investment	$32,000		$38,200		$57,100		$47,400		$53,000
	Net cash flow
	Year 1	$5,200		$3,200		$4,300		$26,000		$15,900
	Year 2	$9,600		$15,300		$16,900		$8,400		$15,800
	Year 3	$12,700		$14,700		$21,000		$6,400		$16,100
	Year 4	$15,300		$19,300		$31,000		$4,300		$11,000
	Year 5					$52,000		$2,100		$10,000
The company uses the payback period method for making capital investment decisions. On the basis of this decision model, which project should be selected? (Ignore taxes.)
Project T
Project Q
Project P
Project R
None