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  3. 4. canada golf club (cgc) is considering three ind

4. Canada Golf Club (CGC) is considering three independent projects for July 2021 tournament. The...

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4. Canada Golf Club (CGC) is considering three independent projects for July 2021 tournament. The three projects are project A, project B and project C. Given the following cash flow information, calculate the payback period for each. If CGC requires a 3-year payback before an investment can be made, which project(s) would be accepted? (Total 7 points) Year Project A ($) -2,000 O (Investment) -2,000 800 un AWN Project B ($) Project C($) -$10,000 -$5,000 -6,000 -12,000 4,000 5,000 3,000 5,000 2,000 5,000 2,000 2,000 600 600 400

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