Boston Co. has a required rate of return of 14% and is considering two projects for adoption, project A and project B. The cash flows for each project are as follows:

Year	Project A	Project B
0	($270,000)	($300,000)
1	120,000	0
2	120,000	(80,000)
3	120,000	555,000

For each project, calculate the (a) net present value, or NPV, and (b) internal rate or return, or IRR. Assuming the projects are independent, which project(s) should be adopted, and why?