2. Consider the capital budgeting decision to be made with the following data about 2 competing projects. Project A has an NPV of $250, and IRR of 2% and a payback period of 3 years. Project B has an NPV of -$100, but an IRR of 3% and a payback period of 2 years 10 months. Which project(s) would be chosen on a mutually exclusive basis?

Select one: a. Project A b. Neither Project A nor Project B c. Project A and Project B d. Project B