(Payback period calculatuons) You are consdiering three independent projects: Projects A, B, and C. Given the cash flow information below, calculate the payback period for all three prijects. If you require a 3 year payback before an investment csn br accepted, which project(s) would be accepted?

Data Table Initial Outlay Inflow year 1 Inflow year 2 Inflow year 3 Inflow year 4 Inflow year 5 PROJECT A - $1,050 600 300 100 300 600 PROJECT B - $9,500 6,000 2,000 2,000 2,000 2,000 PROJECT C - $7,000 1,000 1,000 4,000 4,000 4,000 Print Done neck