Coughlin Motors is considering the following independent projects. Which project or projects should be accepted if the company requires a payback of three years or less? Year Project A Cash Flow Project B Cash Flow Project C Cash Flow
0 -750 -400 -200
1 200 100 10
2 370 100 15
3 225 100 200
4 700 100 50
a) Project A should be accepted
b) Both A and C should be accepted
c) Project B should be accepted
d) Project C should be accepted