Boston Corp.is evaluating three projects.Each project will return a total of $600,000 to the company in cash flows over a three-year period.The cash flows for the three projects are as follows: 
Using the payback period method,which project represents the best investment for Boston?
Definitions:
Service Charge
A charge imposed to cover expenses associated with the main product or service being acquired.
Adjusted Cash Balance
The cash amount shown on a company's books after adjustments have been made for checks written or deposits in transit.
Check Register
A record kept by an account holder of checks written and deposits made into their checking account.
Outstanding Deposits
Funds that have been deposited but not yet credited to the depositor's account or cleared by the bank.
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