Consider the following three projects. All three have an initial investment of $500,000.

Consider the following three projects. All three have an initial investment of $500,000. (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? Data table Requirement 1. Determine the payback period of each project. Rank the projects from mest desirable to least desirable based on payback First, determine the payback penod of each project. (Enter the payback poriod as a numeral.) Payback period in Project years Project L years Projoct M years Project N years Now, rank the projects from most desirable to loast desirable based on paytack. Projects - Most to least desirable Requirement 2 . Ave there other factors that should be considered in addition to the payback period? A. 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 fesults of other evaluation methods (e.g., accounting rato of return, net presont value, profitability index, and internal rate of return) and possible qualitative factors: B. No. The payback period is the only quantitative factor necessary for a comparison of investments. C. No. The payback period is the only qualsative factor necessary for a comparison of investments