(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 ifvestment projects for next year but doesnt want to make any investment that requires more than three yoars to recover the firm's initial investment. The cash flows for the throe projects (Project A, Project B, and Projoct 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 projoct 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 10.9 percent to analyze projects, what is the discounted payback period for each of the threo 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, the payback period of Project A is yoars. (Round to two decimal places.) Data table