Axios, Inc. is considering Project A and Project B, which are two mutually exclusive projects with unequal lives. Project A is an eight-year project that has an initial outlay or cost of $180,000. Its future cash inflows for years 1 through 8 are $38,000. Project B is a six-year project that has an initial outlay or cost of $160,000. Its future cash inflows for years 1 through 6 are the same at $36,000. Axios uses the equivalent annual annuity (EAA) method and has a discount rate of 11.50%. Will Axios accept the project? O Axios accepts Project A because its EAA is about $2.396 and Project B's EAA is only about $1,097 Axios rejects both projects because both have a negative NPV (and thus negative EAA). O Axios accepts Project A because its NPV (and thus EAA) is positive and Project B's NPV and thus EAA) is negative O Axios accepts Project B because it has a more positive EAA 0.5 pts 2 pts Darrox, Inc. is considering a four-year project that has an initial outlay or cost of $90,000. The future cash inflows from its project are $50,000 $30,000, $30,000, and $30,000 for years 1, 2, 3 and 4, respectively. Darrox uses the internal rate of return method to evaluate projects. What is the approximate IRR for this project? O The IRR is between 12% and 20%. O The IRR is less than 12%. O The IRR is about 22.80%. The IRR is about 28.89%. 2 pts