What is the Payback period for a project that has an initial outlay of $1200 and annual net cash flows of $325 (to 3 decimal places)? Select one: O a. 3.692 years O b. 3.704 years O c. 3.723 years d. 4.215 years Euphemia wants to take a holiday to the Cook Islands, two years from now, once the coronavirus pandemic is well and truly over. She wants to save up $6,000 for this trip. How much does she need to deposit into her bank today to achieve this goal, if the bank pays an interest rate of 7.2% per annum, compounded monthly? Select one: O a. $5,197.56 O b. $5,177.01 O c. $5,308.29 d. $5,299.90 O Annette is planning a trip to Africa, starting three years from today. She thinks she will need about $25,000 for each year that she is travelling, and would like to have this money available at the start of each year that she is travelling. She will travel all around Africa for four years. She can make a deposit today into her bank which pays an interest rate of 6% per annum, compounded annually. Her first withdrawal will be on the day she starts her trip. Her required savings today to fund this trip are Select one: O a. $78,568.11 O b. $77,098.29 O c. $73,975.19 O d. $71,825.30