Payback period. What are the payback periods of projects E and F in the following table: Assume all the cash flow is evenly spread throughout the year. If the cutoff period is 3 years, which project(s) do you accept? What is the payback period for project E ? years (Round to one decimal place.) With a 3-year cutoff period for recapturing the initial cash outflow, project E would be (Select from the drop-down menu.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.)