take this information format for a final paper and show work: To analyze each project based on the cash payback period, we need to determine the time it takes for each project to recover its initial investment from its net cash flows. The cash payback period is important in capital budgeting as it provides insight into the liquidity and risk of a project. Here's how it is calculated for both projects: Project A: Initial Investment: $80,000 Net Cash Flows: Yearly flows are provided as $24,000, $25,000, $27,000, $24,000, $24,000. We add up the annual net cash flows until they equal the initial investment: Year 1: $24,000 Year 2: $24,000 + $25,000 = $49,000 Year 3: $49,000 + $27,000 = $76,000 Year 4: $76,000 + $24,000 = $100,000 By the end of Year 3, Project A still hasn't recovered the initial investment, but by Year 4 it has, as $100,000 is greater than $80,000. However, we need to calculate exactly when during Year 4 the break-even point is met: Remaining amount after Year 3: $80,000 - $76,000 = $4,000 Partway through Year 4, $4,000/$24,000 = 0.167 (or approximately 2 months) Cash Payback Period for Project A: 3.167 years Project B: Initial Investment: $80,000 Net Cash Flows: Yearly flows are provided as $30,000, $26,000, $24,000, $23,000, $19,000. Adding the annual net cash flows again: Year 1: $30,000 Year 2: $30,000 + $26,000 = $56,000 Year 3: $56,000 + $24,000 = $80,000 By the end of Year 3, Project B exactly recovers the initial investment. Cash Payback Period for Project B: 3 years Advantages and Disadvantages of the Cash Payback Method Advantages: Simplicity