(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?

Initial Outlay -950 -9000 -6500 Inflow year 1 700 4000 2000 Inflow year 2 200 3000 2000 Inflow year 3 100 3000 3000 Inflow year 4 300 3000 3000 Inflow year 5 500 3000 3000