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

Data table

$($Click on the following icon $$ in order to copy its contents into a spreadsheet.$)$

$\backslash$table$[[,$PROJECT A$,$PROJECT B$,$PROJECT C$],[$Initial Outlay,$-$$$950,-$$$9,000,-$$$5,500$