Project	C0	C1	C2	C3	C4	C5
A	-1500	800	800	0	0	0
B	-2500	1200	1200	1200	1200	0
C	-4000	1500	1500	1500	1500	1500

a) Calculate the NPV of each project if the opportunity cost of capital is 10%.

b) Based on the NPV, which project(s) should the firm accept? Justify your answer.

c) Calculate the payback period for each project.

d) Which project(s) would a firm accept using the payback rule with a cutoff period of 4 years?