(Payback and discounted payback period calculations) The Bar None Manufacturing Co manufactures fonce panels used in cattle feed lots throughout the Midwest Bar-None's management is considering throe 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 acceptanco? 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. H Bar None uses a discount rate of 9.5 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? Data table - X Year a on WNO 2 3 4 5 Project A $(900) 550 350 180 80 480 Project B $(9,000) 6,000 3,500 3,500 3,500 3,500 Project C $(7,000) 800 800 3,500 3,500 3,500 C Print Done