Based on payback period, which project will you accept and why if the cutoff payback is $3$ years?

Question $21$ options:

Accept project A because PB$($A$)=3$ years $<$ cutoff payback

Accept project B because PB$($B$)=2$ years $<$ cutoff payback

Accept project B because PB$($B$)=3\mathrm{.}5$ years $>$ cutoff payback

Accept project A because PB$($A$)=3$ years $>$ cutoff payback.