Net present value represents the difference between the Select one: 0 A. initial investment and the residual value B. present value of the investment's net cash inflows and the investment's initial cost C. future value of the cash flows and the present value of the cash flows D. total net income of the project and the initial investment O E. None of the above Capital budgeting involves Select one: A. preparing the sales budget for the coming year B. analyzing various alternatives of financing available to a company 0 C. budgeting for yearly operational expenses D. deciding among various long-term investments E. None of the above. Lincoln Manufacturing is evaluating three possible investments. The following information is provided by the company: Project A Project B Project C Investment $240,000 $54,000 $240,000 Residual value $0 $18,000 $38.000 Net cash flows: Year 1 62,000 34,000 98,000 Year 2 62,000 25,000 68,000 Year 3 62,000 21,000 78,000 Year 4 62,000 18,000 38,000 Year 5 62,000 0 0 What is the payback period for Project A? (Assume that the company uses the straight-line depreciation method.) (Round your answer to two decimal places Select one: A. 1.59 years B. 2.87 years C. 5.00 years O D. 3.87 years E. None of the above