Based on the payback method, which of the projects will the company accept?

	Project A	Project B	Project C	Benchmark
Payback	2.5 years	3.4 years	4.5 years
Discounted Payback	2.7 years	3.5 years	4.6 years
NPV	-$2.5	$5.8	$0.5
IRR	5.6%	11.2%	8.1%
MIRR	5.4%	7.7%	7.9%

Projects A, B, and C are mutually exclusive. All projects have the same degree of risk. The companys benchmark for the payback period is 3 years.

Select one:

a. C

b. A

c. A, B

d. B, C

e. A, B, C