(Payback and discounted payback period ealculations). The Bar-None Manufacturing Co. manufactures fence panels used in cattle feod lots throughout the Midwest. Bat.None's managemaet is considering three investment projects for next year but doesti want to make any invesiment that requires more than three years to recover the frim's inital investment. The cash fows for the three projects (Project A, Project B, and Project C ) are as follows: a. Given Bar-None's tiree-year payback period, which of the profects will quasify for acoeptance? b. Fank 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-Nane uses a discount rate of to.6 percent to analyze projects, what is the discoumed payback peried for oach of the three projects? If the firm stili mantains its three-year payback poiny tor the discourted payback, which projects should the firm undertake? a. Given the cash flow information in the table, the payback petiod of Project A is years. (Round to two decimal plsces.) Dita table