7. Brainerd Corporation is considering two 3-year cost-savings projects. Their required rate of return for these types of projects is 10.5%. Determine what course of action Brainerd should follow based on the following project projections: Project A Project B Initial Investment $24,000 $21,000 Year 1 $9,500 $6,500 Year 2 $16,200 $9,800 Year 3 $8,700 15,200 a. Accept Project A, because it has a higher NPV b. Accept Project B, because it has a higher NPV C. Reject both projects, because they have negative NPV d. Accept both Project A and Project B, because they both have a positive NPV 99