The Blue Egg Company is considering starting two Independent Projects. The Treasurer uses the Payback Period method and a 5-year cut-off decision point for evaluating projects. The Company projects the cash flow for the two projects as indicated below: Cash Flows Year Project M Project P 0 ($186,000) ($112,000) 1 $38,000 $42,400 2 $36,600 $55,600 3 $49,600 $18,200 4 $30,800 $9,800 5 $29,600 $8,400 6 $18,800 $4,400 + Required: < A. >>Should the Blue Egg Company accept Project M? Why or why not? < B. Should the Blue Egg Company accept Project P? Why or why not? C. What are the disadvantages of using the Payback Period?