ABC Ltd is considering two different projects with the following information:

	Project A	Project B
Estimated life	4 years	5 years
Initial outlay	(60,000)	(120,000)
EBITDA per year	25000	35000
Depreciation expense per year based on straight-line method	10000	20000
Interest expense per year	10000	12000

Both projects require additional investment in working capital of $20 000, which will be recovered at the end of the project. If the tax rate is 0 and the required rate of return is 10%, please identify your preference.