The table below gives the estimated cash flow for three different projects your company is planning on embarking. The estimate are depicted in South African Rand Year 0 1 2 Project 1 -R 150 000.00 +R 15 000.00 +R 20 000.00 +R 50 000.00 +R 50 000.00 +R 40 000.00 Table 1 Project 2 -R 160 000.00 +R 13 000.00 +R 20 000.00 +R 55 000.00 +R 53 000.00 +R 30 000.00 Project 3 -R 180 000.00 +R 10 000.00 +R 15 000.00 +R 30 000.00 +R 60 000.00 +R 100 000.00 3 4 5 Using the information presented in the above table, perform project evaluation calculations and answer the following questions. 6. Which of the one following statement is not correct? A. Project 1 would payback its investment earlier than project 2. B. Project 2 would payback its investment earlier than project 3 C. Project 3 would payback its investment earlier than project 1. D. Project 1 would payback its investment earlier than project 3