ABC Company is considering two investments both of which cost P10,000. The cash flows are as follows:

Year	Project A	Project B	PV Factor
1	P6,000	P5,000	0.909
2	P4,000	P3,000	0.826
3	P3,000	P8,000	0.751

Based on the NPV method, assuming a cost of capital of 10%, which of the two projects should be chosen?

A. Project A which has a net present value of P1,011.

B. Project B which has a net present value of P3,031.

C. Project A which has a net present value of P11,011.

D. Project B which has a net present value of P13,031