Robbo Ltd has decided to invest in a new piece of Machinery. Research has indicated three possibilities, and their cash flows are highlighted in the attached file:

000's 000's 000's 115 120 134 Machine Cost Net Cash Inflows Year 1 Year 2 Year 3 Year 4 The cost of capital is considered to be 10% and the relevant discount rates are as follows: Year o 1.000 Year 1 0.909 Year 2 0.826 Year 3 0.751 Year 4 0.683 Year 5 0.621 Rank the machines using the Payback method. Select one: a. 1st=A, 2nd=B, 3rd=C b. 1st=B, 2nd=A, 3rd=C c. 1st=C 2nd=A, 3rd=B d. 1st=A, 2nd=C, 3rd=B