Long-term investment decision, payback method Personal Finance Problem Bill Williams has the opportunity to invest in project that costs $9.300 today and promises to pay 52 300, 52,600, 52600, 51,900 and 51,900 over the next 5 years. Or, Bill can invest 59,300 in project that promises to pay 51,500,51,500, 51,500, $3,600 and $4,100 over the next 5 years. (Hint For mixed stream cash inflows, calculate cumulative cash inflows one year-to-year besis until the initial investment is recovered) a. How long will it take for Bill to recoup his initial investment in project A? b. How long will it take for Bill to recoup his initial investment in project B? c. Using the payback period, which project should Bill choose? d. Do you see any problems with his choice? a. For Bil to recoup his initial investment in project A. it will take years. (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer 3 parts remaining Clear All Check