Matt is analyzing two mutually exclusive projects of similar size and has pre

Matt is analyzing two mutually exclusive projects of similar size and has prepared the following data. Both projects have 5 year lives. Matt has been asked for his best recommendation given this
information.

Hisrecommendation should be to accept:

A. project B because it has the shortest payback period.

B. both projects as they both have positive net present values.

C. project A and reject project B based on their net present values.

D. project B and reject project A based on other criteria not mentioned in the problem.

E. project B and reject project A based on both the payback period and the average accounting return.

The answer is letter C but I dont know how to work it out.