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 $8$ percent, and that the maximum allowable payback and discounted payback statistic for the projects are $2$ and $3$ years, respectively.

$\backslash$table$[[$Time$,0,1,2,3],[$Project A Cash Flow,$-35,000,25,000,45,00,16,00$