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Consider the following information:Cash Flows ($)ProjectC0C1C2C3C4A–6,2002,2002,2002,9000B–1,50001,0003,2004,200C–3,8002,2001,3001,7001,200a. What is the payback period on each of theabove projects? (Round your answers to 2 decimalplaces.)ProjectPayback PeriodAyear(s)Byear(s)Cyear(s)b. Given that you wish to use the payback rulewith a cutoff period of two years, which projects would youaccept?Project A, Project B, and Project CNoneProject A and Project CProject B and Project CProject AProject CProject BProject A and Project Bc. If you use a cutoff period of three years,which projects would you accept?Project AProject BProject A and Project CProject A, Project B, and Project CProject A and Project BProject CProject B and Project Cd. If the opportunity cost of capital is 12%,which projects have positive NPVs?Project A and Project BProject A and Project CProject AProject BProject A, Project B, and Project CProject CProject B and Project Ce. “If a firm uses a single cutoff period forall projects, it is likely to accept too many short-livedprojects.” True or false?TrueFalsef-1. If the firm uses the discounted-paybackrule, will it accept any negative-NPV projects?YesNof-2. Will it turn down positive-NPVprojects?YesNo