The Square Box is considering two separate projects, both with an initial cost of $18,000. 

Project A's cash inflows are $3,000, $7,000, and $10,000 over the next three years, respectively. 

The cash inflows for project B are $3,000, $7,000, and $15,000 over the next three years, respectively.

 The required return is 12 percent and the required discounted payback period is 3 years. 

Based on the discounted rebate, which project(s), if any, should be accepted?   (Show the work.)