Question: Your selection committee is choosing between two projects. Project A has a payback period of 16 months. Project B has a cost of $150,000 with

Your selection committee is choosing between two projects. Project A has a payback period of 16 months. Project B has a cost of $150,000 with expected cash inflows of $30,000 the first year and $40,000 per quarter after that. Which project should you recommend based solely on this information?

Group of answer choices

Project A because Project B's payback period is 20 months

either Project A or Project B because the payback periods are equal

Project A because Project B's payback period is 24 months

Project A because Project B's payback period is 21 months

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