Question1 Examine these three projects and accept the projects with a payback period of 2 years or less And, suppose the cost of capital is 8% Project Initial Cost CF1 CF2 CF3 $5000 1000 $1500 $10000 $5000 $2000$3600 $0 $5000 $3600 $2000 $0 For which of these projects, there exists a conflict of the investment decisions between using the NPV and using the payback rule? A. Only A O B. A and B O C, A and C D. A, B, and C Question 2 After solving #2, can you tell which of the following statements are true about the payback rule? I.The payback rule may reject positive NPV investments. Il.The payback rule ignores cash flows beyond the cutoff timeframe IIl. The payback rule cannot tell you how much profits would be added by the project. O A. Only O B.I and II C. I and Ill D. , Il andI