Mike is analyzing two mutually exclusive projects. Mike obtained the following information based on his analysis. Project A Project B Net present value $77,181 $78,627 Payback period 2.71 years 2.42 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 Mike has been asked for his best recommendation given this information. His recommendation should be to accept (Two projects have a similar size, and both projects have four-year lives) project A because it has the shortest payback period. both projects as they both have positive net present values. project B and reject project A based on their net present values. project A and reject project B based on their average accounting returns. project B and reject project A based on both the payback period and the average accounting return