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Which project would you select under the payback method AND why? Discount Rate is 10%. initial investment 1st year 2nd year 3rd year Project A

Which project would you select under the payback method AND why? Discount Rate is 10%.

initial investment 1st year 2nd year 3rd year

Project A (10,000 ) $5000 5000 5000

Project B (55,000) 20,000 20,000 20,000

Discount Rate= 10%

How would this be calculated ?? I'm supposed to calculate using Excel, and I am COMPLETELY stuck. PLEASE help

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