6

Project A and Project B are independent projects. Investment life of Project A is 4 years and investment life of Project B is 17 years. Project A's NPV is $375 and Project B's NPV is $1,743. EANPV of project A is $102 and EANPV of project B is $96. Which of the following decision is correct? O a. Select both projects because both have positive NPVs. Select Project B because it has a higher NPV O b. O c. O d. Select Project B because it has a longer investment life Select Project A because it has a shorter investment life Select Project A because it has a higher EANPV O e