Given the following cash flows for projects A and B:

Year Project A Project B

0 -100,000 -150,000

1 25,000 50,000

2 30,000 60,000

3 35,000 70,000

4 80,000 50,000

Assume that the cost of capital is 10%.

Select the better of the two projects. using the following methods:

a. Net Present Value (5 pts)

b. MIRR method (5 pts)