Consider the cash flows for the following projects:

Project A: Initial investment = $43,300; Year 1 = $22,000; Year 2 = $21,500; Year 3 = $17,000

Project B: Initial investment = $55,000; Year 1 = $0; Year 2 = $34,500; Year 3 = $55,700

Which of Project A and Project B should you accept if they are mutually exclusive and the required rate of return is 20%?

1. Project A
2. Project B
3. Both projects
4. Neither project