Problem - NPV & Payback In the table below, you can find the expected cash flows of three different projects: Project Year: -6,400 B -2,400 C - 6,400 Cash Flows (dollars) 1 2 3 + 1,350 + 1,350 + 3,700 0 + 2,400 + 2,700 + 1,350 + 1,350 + 3,700 4 0 + 3,700 +5,700 a. Calculate the payback period separately for each project. b. Which projects do you accept according to the payback rule, assuming a cutoff period of 2 years? c. Which projects do you accept according to the payback rule, assuming a cutoff period of 3 years? d-1. Calculate NPVs separately for each project assuming that the opportunity cost of capital is 9%. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to 2 decimal places.) d-2. Select the projects that have positive NPVS. e. Is the following statement true or false? "Payback gives too much weight to cash flows that occur after the cutoff date." Project A Years Project B Years Project C Years b. a. Payback period Which projects do you accept according to the payback rule, assuming a cutoff period of 2 years? c. Which projects do you accept according to the payback rule, assuming a cutoff period of 3 years? d-1. Calculate NPVs separately for each project assuming that the opportunity cost of capital is 9% d-2. Which projects have positive NPVs? "Payback gives too much weight to cash flows that occur after the cutoff date." True or false? e