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: $0123$

Project A Cash Flow $33,00023,00043,00014,000$

Project B Cash Flow $49,00023,00033,00063,000$

Use the discounted payback decision rule to evaluate these projects; which one$($s$)$ should it be accepted or rejected?