You are assessing two similar projects, each of four year duration, A and B, using Payback, ARR, NPV and IRR. Project A has an initial outlay of 100,000 and a residual value of 20,000. Project B has an initial outlay of 120,000 and a residual value of 40,000. Your company uses the straight line method of depreciation. The projects each yield a cash inflow of 30,000 per annum for each of the four years duration. Which investment appraisal techniques will prefer Project B to Project A? O Payback only O ARR only ONPV and IRR only None of them