Assuming that the two mutually exclusive project NPV profiles shown below cross at 12.42%, for which range of possible company costs of capital would you be able to use IRR to choose between the two projects?

A. For costs of capital less than 12.42% B. For costs of capital greater than or equal to 12.42% C. For all possible costs of capital

NPV 8 8 8 8 1.72% 3.44% 5.16% 68% 8.01% 10.30% NPV Profiles 12.00% 13.7% 15.00% 17.31% 18.86% 20.06% 220% 24.1% 27.54% 2931 30. 327