"Consider the cash flow of the two projects depicted in Table 3. If WiseGuy Inc. uses IRR rule to choose projects, which of the projects (Project A or Project B) will rank highest? --- "

	Project A	Project B
Time 0	-8,000	-4,000
Time 1	9,000	3,500
Time 2	1,000	6,000
Time 3	1,000	9,000

A) Project A

B) Project B

C) Project A and Project B have the same ranking.

D) Cannot calculate a payback period without a discount rate.