Check my work 1 Consider the following information: Project C4 Skipped A -7,000 -2,300 -6,600 Cash Flows ($) Ci C2 C3 2,200 2,200 2,600 0 1,000 4,000 3,600 2,500 2,500 B 0 5,000 2,000 a. What is the payback period on each of the above projects? (Round your answers to 2 decimal places.) Project . Payback Period year(s) year(s) year(s) B Check my work 1 b. Given that you wish to use the payback rule with a cutoff period of two years, which projects would you accept? Skipped O None O Project A, Project B, and Project C O Project B and Project C O Project C O Project A and Project B O Project A and Project C O Project A O Project B c. If you use cutoff period of three years, which projects would you accept? O Project A O Project A and Project C O Project C O Project B O Project B and Project C O Project A and Project B O Project A, Project B, and Project C