A CFO issued a report comparing two competing projects. He concludes that the NPV of project A is 5 higher than the project B. Please find out the requirement return.

Year	A	B
0	-800	-1,000
1	100	100
2	440	800
3	1,400	1,500

		15.23 percent
		19.25 percent
		32.02 percent
		46.34 percent
		48.07 percent