(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? 2.75 years (Round to two decimal places.) project A because its payback period is the If you require a 3-year payback before an investment can be accepted, you should maximum acceptable payback period. (Select from the drop-down menus.) Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) PROJECT C - $6,500 1,000 PROJECT A - $950 500 300 200 100 600 Initial Outlay Inflow year 1 Inflow year 2 Inflow year 3 Inflow year 4 Inflow year 5 PROJECT B - $9,500 6,000 4,000 4,000 4,000 4,000 1,000 3,000 3,000 3,000 Click to select your answer(s) Print Done