A company is considering two mutually exclusive projects: project A that costs $40 000 and the expected cash flows are $25 000 after the first year, $15 000 after the second year and $30 000 after the third year project B that costs $ 100 000 and the expected cash flows are $120 000 after the first year and $15 000 after the second year. The required rate of return for both projects is 10%. Which of the projects should be accepted if the following criteria are used for the decision: a) payback period (PBP) b) net present value (NPV) c) profitability index (PI) d) internal rate of retum (IRR) e) equivalent annuity (EA)