You found the following two mutually exclusive investments. You require a 20% ROI, a payback period of 7 years, and discounted payback period of 10 years.

	Investment A	Investment B
Investment Cost	$50,000	$77,000
NPV	$12,750	$11,900
IRR	23.00%	28.00%
Payback Period	6 years	7 years
Discounted Payback Period	10 years	9 years

Based on Payback Period, which investment would you choose?

Select one:

a.

None of them.

b.

Investment A.

c.

Investment B.

d. both of them