Consider the following three projects. All three have an initial investment of $800,000. E: (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 period of each project. (Enter the payback period as a numeral.) Project Payback period i Data Table Project L Project M years years years Project N Year Project L Annual Accumulated 100,000 $ 100,000 $ 100,000 200,000 100,000 300,000 100,000 400,000 100,000 500,000 100,000 600,000 100,000 700,000 100,000 800,000 Net Cash Inflows Project M Project N Annual Accumulated Annual Accumulated 200,000 $ 200,000 $ 400,000 $ 400,000 250,000 450,000| 400,000 800,000 350,000 800,000 400,000 1,200,000 500,000 1,700,000 Enter any number in the edit fields and then click Check Answe parts 2 remaining Print Done