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4. Canada Golf Club (CGC) is considering three independent projects for July 2021 tournament. The three projects are project A, project B and project C. Given the following cash flow information, calculate the payback period for each. If CGC requires a 3-year payback before an investment can be made, which project(s) would be accepted? (Total 7 points) Year O (Investment) 1 Project A ($) -2,000 -2,000 800 600 600 400 Project B ($) $10,000 -6,000 4,000 3,000 2,000 2,000 Project C($) $5,000 -12,000 5,000 5,000 5,000 2,000 3 4 5