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Table 2: Project A Project B Time 0 -8,000 -4,000 Time 1 10,000 3,000 Time 2 8,000 6,000 Time 3 8,000 9,0000 Consider the cash

Table 2:

Project A

Project B

Time 0

-8,000

-4,000

Time 1

10,000

3,000

Time 2

8,000

6,000

Time 3

8,000

9,0000

Consider the cash flow of the two projects depicted in Table 3. If WiseGuy Inc. uses payback period rule to choose projects, which of the projects (Project A or Project B) will rank highest?

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