Samuelson Electronics has a required payback period of threeyears for all of its

Samuelson Electronics has a required payback period of threeyears for all of its projects. Currently the firm is analyzing twoindependent projects. Project A has an expected payback period of2.8 years and a net present value of $6800. Project B has anexpected payback period of 3.1 years with a net present value of$28400. Which projects should be accepted based on the paybackdecision rule?Project A onlyProject B onlyBoth A and BNeither A nor BAnswer cannot be determined based on the information given.