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Task:Senior management asks you to recommend a decision on whichproject(s) to accept based on the cash flow forecasts provided.Relevant information:The firm uses a 3-year cutoff when using the paybackmethod.The hurdle rate used to evaluate capital budgeting projects is15%.The cash flows for projects A, B and C are provided below.Project AProject BProject CYear 0-30,000-20,000-50,000Year 104,00020,000Year 27,0005,00020,000Year 320,0006,00020,000Year 420,0007,0005,000Year 510,0008,0005,000Year 65,0009,0005,000Assume the projects are mutually exclusive and answerthe following:Which project(s) would you accept based on the paybackcriterion?Which projects would you accept based on the IRRcriterion?Which projects would you accept based on the NPVcriterion?