(Payback and discounted payback period calculations)The Bar-None Manufacturing Co. manufactures fence panels used in cattle feedlots 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 10.9 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?

Year	Project A	Project B	Project C
0	$(1,100)	$(9,800)	$(6,000)
1	530	5,500	800
2	250	4,000	800
3	160	4,000	4,000
4	60	4,000	4,000
5	490	4,000	4,000

a.Given the cash flow information in the table, the payback period of Project A is nothing years.

a.1 The payback period of Project B is ___ years

a.2 The payback period of Project C is ___ years

b.Rank the three projects using their payback period.

The project with the shortest payback period is ___( Project A, Project B, Project C)The project with the second shortest payback period is ____(Project A, Project B, Project C)

The project with the longest payback period is ____(Project A, Project B, Project C).Therefore the project which looks best using the payback criterion is _____(Project A, Project B, Project C)

c.Given the cash flow information in the table and the discount rate of 10.4%,the discounted payback period of Project A is _____year

c1. The discounted payback period of Project B is___ years

c2. The discounted payback period of Project C is_____years

if correct I will rate