Suppose your firm is considering two mutually exclusive, required projects with the cash flows shown below. The required rate of return on projects of both of their risk class is 11 percent, and that the maximum allowable payback and discounted payback statistic for the projects are 2 and 3 years, respectively. Time 0 1 2 3 Project A Cash Flow 38,000 28,000 48,000 19,000 Project B Cash Flow 48,000 28,000 38,000 68,000 Use the NPV decision rule to evaluate these projects; which one(s) should be accepted or rejected? Multiple Choice Reject A, accept B Accept neither A nor B Accept both A and B Accept A, reject B