Consider the following three projects. All three have an initial investment of $1.100.000 (Click the icon to view the investments) Requirements 1. Determine the payback period of each project Rank the projects from most desirable to least desirable based on payback 2. Are there other factors that should be considered in addition to the payback period? Requirement 1. Determine the payback period of each project. Rank the projects from most desirable to least desirable based on payback First, determine the payback penod of each project. (Enter the payback period as a numeral) Project Payback period Project L Project M years Project N V years Data Table Year Project L Annual Accumulated 137.500 $ 137.500 $ 137.500 275.000 137,500 412.500 137,500 550,000 137.500 687,500 137.500 125,000 137.500 062,500 137 500 1.100.000 Net Cash Intlows Project M Project N Annual Accumulated Annual Accumulated 37.500 $ 37,500 $ 550,000 $ 550.000 37.500 175.000 550.000 1,100,000 225,000 1,100,000 1,025,000 2.125.000 1,075,000 3,200,000 Print Done