. A company owns a plot of land in downtown Dallas. The company has two mutually exclusive projects that it can build on this plot of land. The companys cost of capital is 8%. Project A is a Thai restaurant. Project B is a hotel. The proposal for the Thai restaurant has an IRR of 11% and an NPV of $100 million. The proposal for the hotel has an IRR of 20% and an NPV of $20 million. Which of the two projects should the company implement? Explain your decision.