XYZ Corp is considering three projects P1, P2, and P3. Project P1 costs $15,000 and is expected to generate cash inflows of $5,000 per year for the next 4 years. Project P2 costs $10,000 and is expected to generate cash inflows of $3,000 per year for the next 5 years. Project P3 costs $20,000 and is expected to generate cash inflows of $6,000 per year for the next 3 years. Calculate the payback period for each project and recommend which