Consider the following cash flows on two projects:

	Project A	Project B
Time 0	-10,000	-10,000
Time 1	5,000	4,000
Time 2	5,000	3,000
Time 3	3,000	10,000

If WiseGuy Inc. uses payback period rule to choose projects, which of the projects (Project A or Project B) will rank highest?

		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.