ComFoods Inc. has identified the following two mutually exclusive projects:

Year	Cash Flow (A)	Cash Flow (B)
0	-$43,500	-$43,500
1	21,600	6,300
2	20,500	15,200
3	15,900	23,700
4	7,700	27,600

If the required return of each project is 11 percent, which of the projects should the company choose?

	A.	Project A because it has the higher IRR
	B.	Project B because it has the higher NPV
	C.	Project A because it has the higher NPV
	D.	Project B because it has the higher IRR