Here are the expected cash flows for three projects:

Project Cash Flows $($dollars$)$

Year $0$ Year $1$ Year $2$ Year $3$ Year $4$

A $6,900+1,475+1,475+3,9500$

B $2,9000+2,900+2,950+3,950$

C $6,900+1,475+1,475+3,950+5,950$

a$.$ What is the payback period on each of the projects?

b$.$ If you use the payback rule with a cutoff period of $2$ years, which projects will you accept?

c$.$ If you use a cutoff period of $3$ years, which projects will you accept?

d$-1.$ If the opportunity cost of capital is $12\%,$ calculate the NPV for projects A$,$ B$,$ and C$.$

Note: Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to $2$ decimal places.

d$-2.$ Which projects have positive NPVs$?$

e$.$ "Payback gives too much weight to cash flows that occur after the cutoff date." True or false?