19) Evaluate the following projects using the payback method assuming a rule of 3 years for payback. Year 0 1 Project A -10,000 4,000 4,000 4,000 0 Project B -10,000 4,000 3,000 2,000 1,000,000 2 3 4 A) Project A can be accepted because the payback period is 2.5 years but Project B cannot be accepted because its payback period is longer than 3 years. B) Project B should be accepted because even though the payback period is 2.5 years for Project A and 3.001 for project B, there is a $1,000,000 payoff in the 4th year in Project B. C) Project B should be accepted because you get more money paid back in the long run. D) Both projects can be accepted because the payback is less than 3 years. 20) Which of the following is a disadvantage of payback period approach?| A) It does not examine the size of the initial outlay. B) It does not use net profits as a measure of return. C) It does not explicitly consider the time value of money. D) It does not take into account an unconventional cash flow pattern. 21) Which of the following is a strength of payback period? A) a disregard for cash flows after the payback period B) only an implicit consideration of the timing of cash flows C) merely a subjectively determined number D) It's simple to calculate and understand