Question: Question 20 3 pts Three project managers approach you about investment opportunities that they believe are value-enhancing for the firm. The cash flows for each

 Question 20 3 pts Three project managers approach you about investment

Question 20 3 pts Three project managers approach you about investment opportunities that they believe are value-enhancing for the firm. The cash flows for each project are listed below. Assume that each project is equally risky, therefore they all have a discount rate of 5.00% per annum. Time 0 A -$1000 $800 $600 $400 Project B -$500 $900 $100 $100 -$100 $30 $30 $30 $30 2 3 $30 Calculate the payback period for project "A". Report your answer in years rounded to two decimal places. If it is impossible to compute the answer, report 0.00 as your response. Question 21 2 pts Which project has the quickest payback period? O Project B Project C O Project A

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