QUESTION 3 PNC Corporation is using Payback period to choose one project out of four options using the payback period as the deciding factor. Analyse each project to recommend the best project that could be selected by the company and provide reasons for rejection or selection. Initial Project Name Cash inflow investment Project A: Customer Service Systems Upgrade $300,000 $10,000 Per Month Project B: Repaving of the $100,000 $7,000 each Month Customer Parking Lot Project C: Warehouse Expansion $400,000 $85,000 Per Quarter and racking Project D: Reorder Level $500,000 $31,700 per month automation for Distribution unit