Mitons Construction is analyzing its capital expenditure proposals for the purchase of equipment in the coming year. The capital budget is limited to $5.000.000 for the year. Lyssa Bryce, staly Milons, in preceding on to the three projects under consideration by Corey Miltons, the company's owner. (Click the icon to view the data for the three projects.) (Click the icon to view the future Value of 1 factors.) Click the icon to view the future Value of nully of factors) (Click the icon to view the Present Value of 1 factors.) Click the loon to view the Present Value of Annuity of 51 factors) Read the requirements Requirement 1. Because the company's cash is limited, Milons thinks the payback method should be used to choose between the capital budget Calculate the payback period for each of the three projects. Ignore income taxes (Round your answers to two decimal places) Project A years Data Table Project years Project years Using the payback method, which project() should Milons choose? Projected cash outflow Notal investment Project A Project Price $ 3.000.000 $ 2.100.000 $ 3.000.000 Projected cash inflows Yeart Your 2 Years Year 4 $ 1.200.000 $ 1,200,000 1,700,000 1,200,000 600.000 1.100.000 1,200.000 500 000 200,000 1.200.000 100.000 10% Required of retum 10% 10% inter any number in the edit fields and then continue to the next question Print Done