TABLE 3
	Project A	Project B
Time 0	-30,000	-30,000
Time 1	30,000	20,000
Time 2	0	10,000
Time 3	0	10,000

Part a:

Consider the cash flow of the two projects depicted in Table 3. If WiseGuy Inc. uses payback period rule to choose projects, which of the projects (Project A or Project B) will rank highest? --- Project A. Project B. Project A and Project B have the same ranking. Cannot calculate a payback period without a discount rate. "

		Project A.
		Project B.
		Project A and Project B have the same ranking.
		Cannot calculate a payback period without a discount rate.

Part b:

Consider the cash flow of the two projects depicted in Table 3. If WiseGuy Inc. uses IRR rule to choose projects, which of the projects (Project A or Project B) will rank highest? --- Project A. Project B. Project A and Project B have the same ranking. Cannot calculate a payback period without a discount rate.

Please show calculations for both parts!!!