CALCULATING SIMPLE PAYBACK, NPV, AND IRR- PROBLEM 2 Use the data in the following table (see Table 7.2) to answer the questions that follow. All numbers are in thousands. Table 7.2 Cash Outflow Year O Alternative A ($500) $220 $380 Cash Inflow Year 1 Cash Inflow Year 2 Cash Inflow Year 3 Alternative B | Alternative C ($575) ($475) $300 $175 $330 $275 $350 $300 $350 Given the investment data for this project, calculate and interpret the payback, NPV, and IRR for the three alternative project options. Assume this company's hurdle rate is 14%. If you could only select one project alternative, which one would you choose? Did all three calculations (payback, NPV, and IRR) reach the same conclusion regarding the preferred option