Consider the following three projects. All three have an initial investment of $$600,000.$

$($Click the icon to view the investments.$)$

Requirements

Determine the payback period of each project. Rank the projects from most desirable to least desirable based on payback.

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 amamarall

$\backslash$table$[[$Project$,\backslash$table$[[$Paback period in$],[$years$]]],[$Project $L,$years$],[$Project $M,$years$],[$Project $N,$years$]]$

Now, rank the projects from most desirableto least desirable based on payback

Projects $-$ Most to least desirable

Requirement $2.$ Are there other factors that should be considered in addition to

A$.$ No$.$ The payback period is the only quantitative factor necessary for a co

B$.$ No$.$ The payback period is the only qualitative factor necessary for a com

C$.$ Yes. The company should consider which projects will generate cash flov

Data table

$\backslash$table$[[\frac{\text{Y}\text{e}\text{a}\text{r}}{\text{Y}\text{e}\text{a}\text{r}1},$Net Cash Inflows$],[$Project L$,$Project M$,$Project $N$