Comparing payback period and discounted payback period. Nielsen, Inc. is switching from the payback period...

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Comparing payback period and discounted payback period. Nielsen, Inc. is switching from the payback period to the discounted payback period for small-dollar projects. The cutoff period will remain at three years. Given the following four projects' cash flows and using a discount rate of 10%, determine which projects it would have accepted under the payback period and which it will now reject under the discounted payback period. Cash Flow Initial Cost Year 1 Year 2 Year 3 Project 1 $10,000 $4,000 $4,000 $4,000 Project 2 $15,000 $7,000 $5,500 $4,000 Project 3 $8,000 $3,000 $3,500 $4,000 Project 4 $18,000 $10,000 $11,000 $ 0 Which projects that would have been accepted under payback period method will now be rejected under the discounted payback period method? (Select the best response.) A. Project 2, project 4 B. Project 1, project 2 OC. Project 1, project 3 OD. None of them

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