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? Select one: a. Project B b. Project A c. Both Projects A and B d. Neither Project A nor B