1. The present value of the total costs over a five year period for Project April is $50,000. The net present value of total costs over a 4 year period for Project October is $40,000. The company uses a discount rate of 9%. Which project should it choose and why?

A. October because it has a lower EAC.

B. April because it has a higher EAC.

C. October because it has a shorter life.

D. April because it has a higher NPV.