evaluate the following projects using the payback method assuming a rule of 3 years for payback. (ch10) year project a project b 0 -10,000 -10,000 1 4,000 4,000 2 4,000 3,000 3 4,000 2,000 4 0 1,000,000 project b should be accepted because you get more money paid back in the long run. both projects can be accepted because the payback is less than 3 years. project a can be accepted because the payback period is 2.5 years but project b cannot be accepted because it's payback period is longer than 3 years. project b should be accepted because even though the payback period is 2.5 years for project a and 3.001 for project b, there is a $1,000,000 payoff in the 4th year in project b.