3 points Save A Mike is analyzing two mutually exclusive projects. Mke obtained the following information based on his analysis Project A Project Net present value $77,181 $78,627 Payback period 242 years Average accounting return 9.49 percent 9.36 percent Required return 11.40 percent 11.75 percent Required AAR 9.0 percent 9.0 percent 2.71 year (Two projects have a similar size and both projects have four year Mike has been asked for his best recommendation given this information. His recomendation should be to accept lives) project A because it has the shortest payback period both projects as they both have positive net present values project and roject project A based on their net present values project A and roject project based on their average accounting returns, projects and reject project A based on both the payback period and the average accounting rolum