Your Lily Bakery Co. Chief Financial Officer is working on Capital Budgeting and requested you to analyse 3 projects or investments for the company. The initial cash outlay is RM8,000 and your forecasted future cash flows for the 3 projects are as follows: Project AR Project BR Project CR 2000 1000 3000 2000 4000 5000 6000 Year Year 1 Year 2 Year 3 Year 4 Year 5 calculate: 2000 2000 2000 2000 a) Payback period for all projects. 3000 3000 4000 5000