Consider the following information: Project CO A B C -7,000 -2,300 -6, 600 Project A B C Cash Flows ($) C2 C1 2,200 0 1,

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Consider The Following Information Project Co A B C 7 000 2 300 6 600 Project A B C Cash Flows C2 C1 2 200 0 1 1 (55.98 KiB) Viewed 31 times

Consider the following information: Project CO A B C -7,000 -2,300 -6, 600 Project A B C Cash Flows ($) C2 C1 2,200 0 1,000 3,600 2,500 a. What is the payback period on each of the above projects? (Round your answers to 2 decimal places.) Payback Period 3.00 year(s) 2.33 year(s) 2.20 year(s) C4 2,200 2,600 0 4,000 5,000 2,500 2,000 O Project A and Project B O Project A and Project C O None b. Given that you wish to use the payback rule with a cutoff period of two years, which projects would you accept?