please with all the requirements

Halls Construction is analyzing its capital oxpenenure proposals for the parchase of equipment in the coming yoor. The capital budgot is ilmiled to s9,000,000 for the yoor. Lydia Benton, staf aratyat at Hall, is preparing an analysis of the three projects under consideration by Chuck Hals, the companys ownec. EAB (Cick the icon to viow the dota for the thrse projects.) Presemt Value of $1 table Fiture Vilue of Annusy of 51 tatle Read the cequirements. Kequirement 1. Because the companys cash is limnoe, Hass thinks the payback mothod shoulo be used to choose behven the caphat budgotrg projncts. a. What are the benefits and limitations of uaing the payback method to choose between projects? Benefies of the payback method: A. Ubilizes the time value of money and computes each projects unique rate of retum B. Fasy to understand and capturos uncertainty about expected cash fows in later years of a project c. Indicates whether or not the project will earn the company's minimum required rase of rebum D. All of the above Limitations of the psyback method: A. Cannot be used for projects with unequal periodic cash flows 8. Cannot be usod whon management's required rate of rotum varios from one period to the next. C. Fails to incorporate the time value of money and does not consider a project's cash flows afior the payback peciod D. All of the above b. Calculate the poyback period for each of the three projects. Ignore income taxos. (Riound your answers to two decimal places) ) Project A years Project 13 years Project C years Data table Utilizes the time valu Easy to understand Indicates whether or All of the above ions of the payback m Cannot be used for r Cannot be used whe Fails to incorporate t All of the above late the payback pe aces.) yea fope propals for the purchase of equipment in the coming year. The capital budget is limited to $9,000,000 for the year. 2:3. (Click the icon to view the data for the three projects.) Present Value of $1 table Read the requirements. Requirements Requirements 1. Because the company's cash is limited, Halls thinks the payback method should be used to choose betwoon the capital budgeting projects. a. What are the benefits and limitations of using the payback method to choose between projects? b. Calculate the payback period for each of the three projects. Ignore income taxes. Using the payback method. which projects should Halls choose? 2. Benson thinks that projects should be selected based on their NPV5. Assume all cash flows occur at the end of the year except for initial investment amounts. Calculate the NPV for each project. Ignore income taxes. 3. Which projects, if any, would you recommend funding? Briefly explain why. b. Calculate the payback period for each of the three projects. Ignore income taxes. (Round your answers to two decimal places.) Project A