Problem 5-8 Payback Consider the following projects: Cash Flows ($) C2 C4 Project A B Co -1,100 -2,200 -3,250 C1 1,100 1,100 1,100 C3 0 4,100 Cs 0 1,100 1,100 0 1,100 1,100 1,100 1,100 a. If the opportunity cost of capital is 11%, which project(s) have a positive NPV? Positive NPV project(s) Project A Project B Project C Projects A and B Projects A and C Projects B and C Projects A, B, and C No project b. Calculate the payback period for each project: (Round your answers to 2 decimal places. If a project never pays back, enter "0".) Project A Project B Project 1 year(s) 2 year(s) year(s) b. Calculate the payback period for each project: (Round your answers to 2 decimal places. If a project never pays back, enter "0".) Project A Project B Project C 1 year(s) 2 year(s) year(s) c. Which project(s) would a firm using the payback rule accept if the cutoff period were three years? Project(s) accepted Projects A and B d. Calculate the discounted payback for each project. (Do not round intermediate calculations. Round your answers to 2 decimal places. If a project never pays back, enter "O".) Project A Project B Project C year(s) year(s) year(s) e. Which project(s) would a firm using the discounted payback rule accept if the cutoff period were three years? Project(s) accepted Project B