You have an investment budget of $25,000 available to acquire one of three mutually exclusive projects. The cost and projected cash flows for the three projects are shown in the table below: Project A Project B Project C Project Initial Cost $20,000 $25,000 $20,000 Year 1 Cash Flow $15,000 $12,000 $10,000 Year 2 Cash Flow $5,000 $8,000 $8,000 Year 3 Cash Flow $5,000 $7,000 $6,000 Year 4 Cash Flow $6,000 $10,000 $5,000 Year 5 Cash Flow $1,000 $1,000 $3,000 Calculate the Payback Period for each project. (3 points) Assuming the projects are comparable in risk and therefore have the same discount rate of 12%, calculate the Net Present Value for each project. (6 points) Which project, if any, should you accept? Why? (3 points)