Problem 5-1 Payback Consider the following information: C4 Project A B C -6,900 -2,200 -6,500 Cash Flows ($) C1 C2 C3 2,100 2,100 2,700 1,000 3,900 3,500 2,700 2,400 4,900 1,900 a. What is the payback period on each of the above projects? (Round your answers to 2 decimal places.) Project A B Payback Period year(s) year(s) year(s) b. Given that you wish to use the payback rule with a cutoff period of two years, which projects would you accept? O Project B None O Project C Project A, Project B, and Project C Project A and Project B O Project A and Project C O Project B and Project C O Project A