Consider the following projects:

Cash Flows ($)
Project	C0	C1	C2	C3	C4	C5
A	2,700	2,700	0	0	0	0
B	5,400	2,700	2,700	5,700	2,700	2,700
C	6,750	2,700	2,500	0	2,700	2,700

a. If the opportunity cost of capital is 11%, which project(s) have a positive NPV

b. Calculate the payback period for each project:

c. Which project(s) would a firm using the payback rule accept if the cutoff period were three years?

d. Calculate the discounted payback for each project.

(Please show detailed steps where numbers for discounted cash flow come from)

e. Which project(s) would a firm using the discounted payback rule accept if the cutoff period were three years?