Consider the following three projects. All three have an initial investment of $800,000 (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. 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. (Enter the payback period as a numerail.) Payback period years years years Project Requirement 2 Are there other factors that should be considered in addition to the payback period? A. No. The payback penod is the only quantitative factor necessary for a comparison of nvestments. B. No. The payback penod is the only qualitative factor necessary for comparison of nestments. 0 C. Yes The company should consider which projects wil generate C. Yes. The company should consider which projects will generate cash flows after the payback period. In addition, the company should rank the projects based on the resuits of other evalustion methods (e g. accounting rate of return, net present vaiue. proftablity index, and internal rate of return) and possible qualitative factors