9. Suppose your firm is considering two mutually exclusive, required projects with the cash flows shown below. The required rate of return on projects of both of their risk class is 8 percent, and that the maximum allowable payback and discounted payback statistic for the projects are 2 and 3 years, respectively.

Time:	0	1	2	3
Project A Cash Flow	-25,000	15,000	35,000	6,000
Project B Cash Flow	-35,000	15,000	25,000	55,000

Use the NPV decision rule to evaluate these projects; which one(s) should it be accepted or rejected?

• reject A, accept B

• accept both A and B

• accept A, reject B

• accept neither A nor B