Suppose your firm is considering two independent projects with the cash flows shown as follows. The required rate of return on projects of both of their risk class is 12%, and the maximum allowable payback and discounted payback statistic for the projects are two and a half and three years, respectively.

Year	Project A	Project B
0	-$15,000	-$15,000
1	1,000	7,000
2	3,000	8,000
3	5,000	9,000

Use the IRR decision rule to evaluate these projects; which one(s) should be accepted or rejected?

A. Accept both A and B

B. Accept both A and B

C. Accept A, reject B

D. Reject A, accept B