2 Ma Project ABC and Project XYZ are independent projects. The projects have the following characteristics: ABC requires an initial investment of $15,000 and generates after-tax profit of $6,500 each year for the coming 3 years; XYZ requires an initial investment of $20,000 and generates $6,000 after-tax profit each year for the coming 6 years. The discount rate for both projects is 14%. Which of the following statement is true? O a. Accept both projects because they both have positive NPVs. O b. Cannot be determined because the two projects have different investment life. O c. Accept Project ABC only because it has shorter investment life. O d. Accept Project XYZ only because it has a higher EANPV. O e. Accept Project XYZ only because it has a higher NPV