A division manager is choosing between two mutually exclusive projects.

Project A

Project B

Net present value

$$235,000$

$$210,000$

Internal rate of return

$13\%$

$15\%$

The company requires any project to earn at least $12\%.$ The manager believes that cash inflows from the project can be reinvested at the rate of $12\%.$ Which project will the manager likely choose?

Group of answer choices

Project A

Project B

neither Project A nor B

both Projects A and B