Suppose your firm is considering two independent projects with the cash flows shown below. The required rate of return on projects of both of their risk class is $9$ percent, and that the maximum allowable payback and discounted payback statistic for the projects are $2$ and $3$ years, respectively.

Time $0123$

Project A Cash Flow $-36,00026,00046,00017,000$

Project B Cash Flow $-106,00026,00036,00066,000$

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

Multiple Choice

Accept neither A nor B

Reject A$,$ accept B

Accept both A and B

Accept A$,$ reject B

$($I already know that B and C are incorrect$)$