Assume the firm can either take Project A or Project B. Project A will require the initial investment of $110,000 and will yield $32,000 at Year 1, $25,000 at Year 2, $23,000 at Year 3, $29,000 at Year 4, $35,000 at Year 5, and $26,000 at Year 6. Project B will require the initial investment of $120,000 and yield $34,000 at Year 1, $25,000 at Year 2, $16,000 at Year 3, $18,000 at Year 4, $39,000 at Year 5, and $68,000 at Year 6. If the interest/discount rate that applies to both project is 10.35%, which of these two projects is a better option if the decision is made based on the Net Present Value (NPV) basis? Assume the firm needs to make a "mutually exclusive" decision where taking both projects is not an option because of the firm's inability (i.e. lack of resources) to do so.

A.) Project A

B.) Project B

C.) Neither A nor B

D.) We do not have sufficient information to answer this question.

Which project will be better under the (non-discounted) Payback Period standard?

A.) Project A

B.) Project B

C.) Neither A nor B

D.) We do not have sufficient information to answer this question.

What about under the Discounted Payback Period standard?

A.) Project A

B.) Project B

C.) neither A nor B

D.) We do not have sufficient information to answer this question.