Consider the following two independent investment projects:

Cash flows of project A:

0. 1. 2. 3

-130 100 50 5

Cash flows of project B:

0 1 2. 3. 4. 5

-130 90 40 40 40 40

If management only accepts projects that pay back in 3 years or less, according to the discounted payback period rule, which projects will be selected? Use a discount rate of 10%.