As the director of capital budgeting for Denver Corporation, you are evaluating two mutually exclusive projects with the following cash flows: Year Project A Project B Cash Flow Cash Flow 0 -$100,000 -$100,000 1 50,000 10,000 2 40,000 30,000 3 30,000 40,000 4 10,000 60,000 If Denver's cost of capital is 15%, which project would you choose? Project B. since it has the higher IRR. Project A, since it has the higher IRR. Project A. since it has the higher NPV. Neither project. Project B. since it has the higher NPV.