A company is considering two mutually exclusive projects: Project A has a cost of $15000, a 3-year life, and after-tax cash flows of $10,000, $8,000 and $6,000 respectively Project B has a cost of $15000, a 5-year life, and after-tax cash flows of $10,000, $5,000, $4,000, $3,000 and $2,000 respectively Both projects have a WACC of 9%.

15. Which project should the company choose? *

10 points

A. Project A

B. Project B

C. Both Projects

D. None of the above