rojects. All three have an initial investment of $700,000. investments.) i Data Table Project L Annual Accumulated Year 1 175,000 $ 350,000 525,000 700,000 2 Net Cash Inflows Project M Project N Annual Accumulated Annual Accumulated 25,000 $ 25,000 $ 350,000 $ 350,000 125,000 150,000 350,000 700,000 550,000 700,000 600,000 1,300,000 700,000 2,000,000 3 $ 175,000 $ 175,000 175,000 175,000 175,000 175,000 175,000 175,000 4 5 875,000 6 7 1,050,000 1,225,000 1,400,000 8 Print Done n the edit fields and then click Check Answer Clear All Check COD OOO Dll F5 F6 F7 FB 79 12 of 19 (2 complete) n Score: 0 of 1 pt E26-17 (similar to HW Score: 1 Consider the following three projects. All three have an initial investment of $700,000. (Click the icon to view the investments.) Requirements 1. Determine the payback period of each project. Rank the projects from most desirable to least desirable based on payback. 2. Are there other factors that should be considered in addition to the payback period? Requirement 1. Determine the payback period of each project. Rank the projects from most desirable to least desirable based on payback. First, determine the payback period of each project. (Enter the payback period as a numeral.) Project Payback period Project L years Project M Project N years years Enter any number in the edit fields and then click Check