Acme Corporation is considering the following projects. The required return is 8%. Project A and B are independent projects and there is no capital rationing. Acme Corporation should select Project B due to higher IRR. True or False? Project A Project B Payback 3.75 years 3.10 years NPV $2225 $2000 IRR 13% 15% PI 1.28 1.25 True False