Project A has an initial cash outflow of $$600$ and projected cash inflows of $$300$ from operations for three years thereafter, then the project will be abandoned. Project B has an initial cash outflow of $$600$ and projected cash inflows of $$300$ from operations for four years thereafter, then the project will be abandoned. Which of the following is true regarding using the Payback method for evaluating the projects?

Project B would be evaluated as preferable using the Payback method.

Both projects would be evaluated as acceptable if the minimum payback period was two years.

Project B would be evaluated as preferable using the Payback method.

Neither project would be acceptable if the criteria for payback was three years,