(Payback and discounted paybsek period calculations) The Bar-None Manulacturing Co manufactures fence panels used in cartie feed lots throughout the Midwest. Bar None's management is considering three investment projocts for next year but doesnt want to make any irwessment that requires more than three yoars to recover the firm's initial investment. The cash floms 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 cses a ditcount rele of 93 percent to analyze projects, what is the discounted payback period for each of the three projects? If the firm still mairtans is three-year payback policy for the discounted payback, which projects should the firm undertake? a. Given the cash flow information in the table, the poyback period of Projoct A is years. (Round to two decimal places) It the firm requires a 3 -year psybsok before an invostment can be acoepted, the firm should Profect A because its prytack perfod is the maximam accepable payback period. (Soloct trom the drop-down menus) The payback period of Project B is years. (Round to two decimal placess) It the firm requires a 3-year payoack before an invesument can be accepted, the frm should Project 8 because its payback period is payback period. (Select trom the drop-down menis.) the maxmum iccoptablo The paryback period of Project C is years. (Round to two decimal places.) It the frm requins a 3-year payback before an investrnent can be accepted, the firm should Project C because its payback period is the maximun accoptabie payoack petiod (Seitet from the drop-dewn menas) b. Rank the three prejects using their payteck period. The project with the shortest paytack penod is The project with the second shortest payback period is The project with the longent paytack period is the project which looks best using the payteck orterion is (Select from the drop-doan mesus). A. No, there is no clear-cut way to define the cutoff criterion for the paybock period that is ted to the vave creasion potential of the irwestment, 3. No, the paytack method ignores cash flows that ase generated by the project beyond the end of the payback period. 1. No, the payback mothod ignores the tme value of money. D. Al of the above. Given the cash flow information in the table and the discount rate of 9.1%, the dscounted payback period of Project A is years. (Round to two decimal places.) the firm requires a 3-year payback before an investment can be accopted, the firm should coplable payback period. (Select from the drop-doan menus.) Project A because its discounted payback period is ve discountod payoack period of Project B is years. (Round to two decimal places.) the firm requires a 3-year payback betore an imvestment can be accepted, the firm should sceptable payback period. (Seloct from the drop-down menus.) Project 8 because its discounted paypack period is he discounted payback penod of Project C is years. (Round to two decimal places.) the firm requires a 3-yoar payback before an investment can be accepted, the firm should cceptable paytack period. (Select trom the drop-down menus.) Projoct C because is discounted payback period is