$($Payback and discounted payback period calculations$)$ The Bar$-$None Manufacturing Co$.$ manufactures fence

panels used in cattle feed lots throughout the Midwest. Bar$-$None's management is considering three investment

projects for next year but doesn't want to make any investment that requires more than three years to recover

the firm's initial

investment. The cash flows for the three projects $($Project A$,$ Project B$,$ and Project C$)$ are as follows: $.$

a$.$ Given Bar$-$None's three$-$year payback period, which of the projects will qualify for acceptance?

b$.$ Rank the three projects using their payback period. Which project looks the best using this criterion? Do you

agree with this ranking? Why or why not?

c$.$ If Bar$-$None uses a discount rate of $9\mathrm{.}4$ percent to analyze projects, what is the discounted payback period for

each of the three projects? If the firm still maintains its three$-$year payback policy for the discounted payback, which

projects should the firm undertake?

a$.$ Given the cash flow information in the table,

decimal places.$)$

years. $($Round to two

Data table

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