(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

9.6 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?

Save Homework: HW7 Chapter 11 Score: 0 of 23 pts P11-22 (algorithmic) 7 of 7(4 complete) HW Score: 21.54%, 14 of 65 pts Question Help (Payback and discounted payback period calculations) The Bar None Manufacturing Co. manufactures fonce panels used in cattle food lots throughout the Midwest Bar-None's management is Cordering the investment projects for next year but doesn't want to make any investment that requires more than three years to cover the firm's initial investment. The cash flows for the three projects Project A, Project and Project C) are as follows: a. Given Bar None's three year payback period, which of the projects will quality for acceptance? b. Rank the three projects using the payback period which project looks the best using this criterion? Do you agree with this ranking? Why or why not? c. Bar None uses a discount rate of 9.6 percent to analyze projects, what is the discounted payback period for each of the three projects? If the firm stil maintains discounted payback, which proces should them undertake? three-year payback policy for the a. Given the cash flow formation in the table the payback period of Project Ais years. Round to decimal places Data Table Year Project B Project A $11,050) Project $16.500) 4.000 Enter your answer in the answer box and then click check Answer 13 remaining Check