Use the following information for Questions 12 - 16. It is May, 2022 and you have recently graduated with a degree from Kwantien Polytechnic University. As your first assignment, a firm has asked you to analyze the following project. All cash flows are in millions, they are assumed to be after-tax and they occur evenly over each year. The client requires a 15% rate of return Discounted Cash Flows 1 Year Cash Flow 0 -3,000 1,000 2 1,500 3 1,500 IRR NPV Payback for this project is: Multiple Choice O Project A has a payback of 2.62 years