Your boss is comparing 3 independent projects with the following characteristics: Project #1 Project #2 Project #3 Net Present Value $250 $310 $280 Internal Rate of Return 12.53% 11.03% 8.09% Profitability Index 0.50 0.80 0.96 Payback period 4.5 years 4.5 years 2.6 years The required payback period is 5 years, and the required return is 12.8%. QUESTION: Based on all of the above information, which project would you recommend your boss to accept? Group of answer choices Project #1 Project #2 Project #3 Projects #1 and #2 Projects #1 and #3 Projects #2 and #3 All three projects None of the projects