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( Payback period calculations ) You are considering three independent projects: project A , project B , and project C . Given the cash flow

(Payback period calculations) You are considering three independent projects: project A, project B, and project C. Given the cash flow information in the popup window, , calculate the payback period for each. If you require a 3-year payback before an investment can be accepted, which project(s) would be accepted?
What is the payback period of project A?
years (Round to two decimal places.)
If you require a 3-year payback before an investment can be period. (Select from the drop-down menus.)
What is the payback period of project B?
years (Round to two decimal places.)
If you require a 3-year payback before an investment can be period. (Select from the drop-down menus.)
What is the payback period of project C?
4.50 years (Round to two decimal places.)
If you require a 3-year payback before an investment can be period. (Select from the drop-down menus.)
Data table
\table[[,PROJECT A,PROJECT B,PROJECT C],[Initial Outlay,-$1,000,-$10,500,-$7,000
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