Part III: Investment Rules ( 25 points) Use this information to answer questions 14 - 22. Calculate your answers to 4 decimal places. an 5% annual return on cash invested today. ACF also wants projects to generate cumulative cash inflows equal to their initial cash costs within 4 years. Calculate the payback period (PBP) for Project A in years. (Enter 11/2 years as 1.5000.) Answer: Calculate the (modified) profitability index (PI) for Project B. (Enter your answer to 4 decimal places.) Answer: What decision should management make about Project B? Select one: a. Reject the project because (modified) PI is less than 1. b. Reject the project because (modified) PI is less than 0 . c. Accept the project because (modified) Pl exceeds 1. d. Accept the project because (modified) Pl exceeds 0 . Clear my choice Calculate the internal rate of return (IRR) for Project C. (Enter 1.5\% as 0.0150.) Answer: What decision should management make about Project C? Select one: a. Accept the project because IRR exceeds 0 . b. Accept the project because IRR exceeds 5%. c. Reject the project because IRR is less than 5%. d. Reject the project because IRR is less than 0 . Clear my choice