11. You are considering investment in the following projects.

Project As cash flows

Year 0	Year 1	Year 2	Year 3	Year 4
-$12,000	$7,000	$3,000	$2,000	$1,500

Project Bs cash flows:

Year 0	Year 1	Year 2	Year 3	Year 4
-$11,000	$6,000	$2,500	$1,500	$1,200

Payback Period for project A is ______ and Payback Period for project B is _______.

A. 2 years; 2.83 years B. 3 years; 3.83 years C. 2.83 years; 3.83 years D. 3.83 years; 3 years E. 3 years; 2.83 years

12. You are considering two projects. The projects are mutually exclusive. Project A has a net present value of negative $4. Project B has a net present value of negative $52,037. Which project(s) should be accepted, if any?

A. Project A only B. Project B only C. Both Project A and Project B D. Neither Project A nor Project B

E. None of the above