three projects. All three have an initial investment of $900,000 (Click the icon to wiew the investments) 1. Determine the payback period of each project. Rank the projects from most desirable to least 2. Ace there other factors that shouid be considered in addition to the payback period? Data Table Payback period 1 S 112.500 112 500s 162.50062 500$ 450 000 $450000 900 000 112.500 450 000 3112 500 337 500 450,000 62 500625.0002 675,000 475,000 575 000 112.500 112,500 112 500 112 500