Portland Gaming, Inc. uses payback to evaluate potential projects and has a required payback period of four

years for all projects. Currently, Portland is evaluating two independent projects.  Project A has an expected payback period of 4.2 years and a net present value of $26,800.  Project B has an expected payback period of 3.6 years with a net present value of $8,400. Which projects should be accepted based on the payback decision rule?<table><tbody><tr><td> </td> <td> </td> <td> Project A only </td> </tr><tr><td> </td> <td> </td> <td> Project B only </td> </tr><tr><td> </td> <td> </td> <td> Both A and B </td> </tr><tr><td> </td> <td> </td> <td> Neither A nor B </td> </tr><tr><td> </td> <td> </td> <td> Answer cannot be determined based on the information given.

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