Wildhorse Ltd. is a small company that is currently analyzing capital expenditure proposals for the purchase of equipment. The capital budget is limited to $280,000, which Wildhorse believes is the maximum capital it can raise. The financial adviser is preparing an analysis of four projects that the company is considering, as follows: Project A Project B Project C Project D Net initial investment: $240,800 $212,800 $280,000 $235,200 Projected cash inflows: Year 1 $56,000 $44,800 $84,000 $84,000 2 56,000 56,000 84,000 84,000 3 56,000 78,400 67,200 67,200 4 56,000 84,000 89,600 44,800 5 56,000 84,000 112,000 22,400Calculate the cash payback period for each of the four projects. (Round answers to 1 decimal place, e.g. 15.5.) Cash payback period Project A years Project B years Project C years Project D yearsWhich projects, if any. would you recommend funding? v should be funded as it has