Cooper Woodworking is considering two projects both of which have an initial c

Cooper Woodworking is considering two projects both of which have an initial cost of $65000 and total cash inflows of $80000. The cash
inflows of project A are $10000 $15000 $25000 and $30000 over the next four years respectively. The cash inflows for project B are $30000 $25000
$15000 and $10000 over the next four years respectively. Which one of the following statements is correct if Cooper requires an 11.5 percent rate of return
and also has a required payback period of 4 years?

A. Both projects should be accepted.

B. Both projects should be rejected.

C. Project A should be accepted and project B should be rejected.

D. Project A should be rejected and project B should be accepted.
E. You should be indifferent to accepting either or both projects.