This question: 10 point(s) possible Andrews Construction is analyzing its capital expenditure proposals for the purchase of equipment in the coming year. The capital budget is limited to $5,000,000 for the year. Lisa Benson, staff analyst at Andrews, is preparing an analysis of the three projects under consideration by Cullin Andrews, the company's owner. (Click the icon to view the data for the three projects.) (Click the icon to view the Future Value of $1 factors.) (Click the icon to view the Present Value of $1 factors.) Read the requirements. (Click the icon to view the Future Value of Annuity of $1 factors.) (Click the icon to view the Present Value of Annuity of $1 factors.) Requirement 1. Because the company's cash is limited, Andrews thinks the payback method should be used to choose between the capital budgeting projects. Calculate the payback period for each of the three projects. Ignore income taxes. (Round your answers to two decimal places.). Project A years Project B years Project C years Using the payback method, which project(s) should Andrews choose? # @ 2 3 $4 982 42 Data table Project A Project B Project C Projected cash outflow Net initial investment $ 3,000,000 $2,100,000 $ 3,000,000 Projected cash inflows Year 1 Year 2 Year 3 Year 4 $ 1,200,000 $1,200,000 $ 1,700,000 1,200,000 600.000 1,700,000 500,000 200,008 1,200,000 1,200,000 100.000 Required rate of renam 10% 10% 10% & % 5 6 7 8 W E R T S U Gall F D F G H J X C V B H Command 61 - G K N M V L = 732 P { } delete If H command ? 1 retu 2 option