What is the present value of $1,000 received 10 years in the future if interest rates are 10.00% compounded quarterly. $385.54 $781.20 $372.43 $975.61 Question 20 3 pts Three project managers approach you about investment opportunities that they believe are value-enhancing for the firm. The cash flows for each project are listed below. Assume that each project is equally risky, therefore they all have a discount rate of 5.00% per annum. Time 0 A $1000 $800 $600 $400 Project B $500 $900 $100 $100 -$100 $30 $30 $30 $30 2 3 4 ... $30 Calculate the payback period for project "A". Report your answer in years rounded to two decimal places. If it is impossible to compute the answer, report 0.00 as your response