Here are the expected cash flows for 3 projects:

Cash Flows

Project Year 0 1 2 3 4 5

A ($5,000) $1,000 $1,000 $3,000 $0

B ($1,000) $0 $1,000 $2,000 $3,000

C ($5,000) $1,000 $1,000 $3,000 $5,000

a.) What is the payback period for each project?

b.) Given that you widh to use the payback rule with a cutoff period of 2 years, which projects would you accept?

c.) If you used a cutoff period of 3 years, which projects would you accept?

d.) If the opportunity cost of capital id 10%, what is the NPV of each project? Round your answer to the nearest dollar.

e.) What is the IRR of Project C? Round your answer to one decimal place.