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22. (8 points) Ubangi Company is analyzing several proposed investment projects. The firm has resources only for one project. Project 2 Project VA Project W1

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22. (8 points) Ubangi Company is analyzing several proposed investment projects. The firm has resources only for one project. Project 2 Project VA Project W1 Cost of investment $ 380,000 $ 560,000 $ 450,000 Net cash inflows: Year 1 150,000 130,000 240,000 Year 2 100,000 140,000 80,000 Year 3 100,000 140,000 60,000 Year 4 50,000 180,000 40,000 Year 5 -0- -0- 20,000 a. Calculate the payback period for each of the projects above. b. Using the Payback Period as the decision model, in which project should Ubangi Co. invest and why this project

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