Projects A and B are mutually exclusive and have an initial cost of $82,000 each. Project A provides cash inflows of $34,000 a year for three years while Project B produces a cash inflow of $115,000 in Year 3. Which project(s) should be accepted if the discount rate is 11.7 percent? What if the discount rate is 13.5 percent?

A. Accept B at 11.7 percent and neither at 13.5 percent

B. Accept both at 11.7 percent and neither at 13.5 percent

C. Accept A at 11.7 percent and neither at 13.5 percent

D. Accept B at both discount rates

E. Accept A at both discount rates