You are asked to help PMO (Project Management Office) with an important project selection process. According to the provided information? The required investment for Project A is $100,000 with the anticipated annual cash flow of 20,000 per year. The required investment for project B is 60,000 with an anticipated annual cash flow of 10,000 per year. A: calculate the payback period for Projects A and B (show your calculations) B: Which project is the better choice? Explain your answer.
a)5years;6years
b)6years;6years
c)7years;6years
d)8years;6years