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.)

If you require a 3-year payback before an investment can be accepted, you should _____project A because its payback period is _____to the maximum acceptable payback period. Option for Select from the drop-down menus are accept or less than or equal to

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 accepted, you should _____ project B because its payback period is ____the maximum acceptable payback period.(Option Select from the drop-down menus) are: reject or greater than

What is the payback period of project C?Years (Round to two decimal places.)

If you require a 3-year payback before an investment can be accepted, you should reject project C because its payback period is greater than the maximum acceptable payback period. (Option Select from the drop-down menus.) are reject or greater than

Initial Outlay -950 -10,500 -6,500

Inflow year 1 500 6,000 1,000

Inflow year 2 400 3,000 1,000

Inflow year 3 300 3,000 3,000

Inflow year 4 200 3,000 3,000

Inflow year 5 400 3,000 3,000