US Innovative Company, which is operating in Application business, is evaluating the following projects: Project (A) requires an initial investment of $ 40,000 and is expected to generate annual Cash Flows After Tax (CFAT) of S 10,000 for four years, and Project (B) that requires an initial investment of $ 40.000 and is expected to generate annual Cash Flows After Tax (CFAT) of $ 25,000 for two years and $ 20.000 for another two years. The Company tend to recover its investment in 3 years. And the cost of capital is 10% for both projects. Q21 - Based on the above details, the pay-back period for project (A): is Select one: a. 2 Years b. 4 Years c. 3 Years d. 4.4 Years Q-22 Based on the above details, the pay-back period for project (B): is Select one: a. 2 Years and 7 months b. 1 Year and 9 months c. 1 Year and 7 months d. 2 Years and 9 months Q-23 Based on the above details, the Company would decide to: Select one: a. Reject both Projects 6. Accept Project (B) c. Accept both Projects d. Accept Project (A) Q-24 Based on the above details, if the discounted payback period is calulcalated for project (A), the discounted payback period would be: Select one: a. More like payback period C-Same like payback period b. Can not be determined D-Less than payback period