Please help with this accounting question. Will be sure to leave a review. Thank you in advance!

2 Consider the following three investment opportunities Project I would require an immediate cash outlay of $40,000 and would result in cash savings of $9,000 each year for 5 years. Project II would require cash outlays of $7,000 per year and would provide a cash inflow of $40,000 at the end of 5 years. Project II would require a cash outay of $36,000 now and would provide a cash inflow of S60,000 at the end of 5 years. (Ignore income taxes.) See separate Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factorts) using the tables provided. Required: The discount rate is 10%. Use the net present value method to determine which, if any, of the three projects is acceptable. a. Compute the payback period for each project. Please explain the limitations of the payback period. b