Payback period. Given the cash flow of two projects-A and B and using the payback period decision model, which project(s) do you accept and which project(s) do you reject if you have a 3-year cutoff period for recapturing the initial cash outflow? For payback period calculations, assume that the cash flow is equally distributed over the year Cash Flow Cost Cash flow year 1 Cash flow year 2 Cash flow year 3 Cash flow year 4 $12,000 $4,800 $4,800 $4,800 $4,800 $110,000 $11,000 $22,000 $33,000 44,000 What is the payback period for project A? 2.5 years (Round to one decimal place.) With a 3-year cutoff period for recapturing the initial cash outflow, project A would be V. (Select from the drop-down menu.)