onsider the following three projects. All three have an initial investment of $900,000. (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? Requirement 1. Determine the payback period of each project. Rank the projects from most desirable to least desirable based on payback. First, determine the payback period of each project. (Enter the payback period as a numeral.) Project Payback period years Project L Project M Project N years years Now, rank the projects from most desirable to least desirable based on payback Projects - Most to least desirable Consider the following three projects. Al three have an initial investment of $900,000 (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? Project N Now, rank the projects from most desirable to least desirable based on payback Projects - Most to least desirable Requirement 2. Are there other factors that should be considered in addition to the payback period? O A. No. The payback period is the only quantitative factor necessary for a comparison of investments O B. 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 results of other evaluation methods (eg, accounting rate of return, net present value profitability Index, and internal rate of return) and possible qualitative factors Consider the following three projects. All three have an initial investment of $900,000. (Click the icon to vie Re Data Table 10 Data Table 1. Determine the paye 2. Are there other fact Project N Now, rank the projects Year Projects - Most to leas Project L Annual Accumulated 180,000 $ 180,000 $ 180,000 360,000 180,000 540,000 180.000 720,000 180.000 900,000 180,000 1.000.000 180.000 1.260.000 0 000 1.440,000 Net Cash Inflows Project M Project N Annual Accumulated Annual Accumulated 130,000 $ 130,000 $450,000 $ 450,000 180,000 310.000 450,000 900,000 590.000 900,000 640,000 1.540.000 740,000 2.280,000 Requirement 2. Are the O A. No. The payback OB. Yes. The compar on the results of qualitative factor OC. No. The payback In the projects based h) and possible Print Done