Lucky Corporation had five project proposals in front of it. Because of management bandwidth and financial constraints, it could choose only one project. Its cost of capital (discount rate) is 12.5%. The data for these projects came from various sources and was presented as follows: Project A: IRR of 15% with a total up-front (t=0) capital outflow of $12.5 million and NPV of $1.31 million Project B: IRR of 11% with a total up-front (t=0) capital outflow of $3.5 million and nominal terminal value of $8.5 million Project C: Cash Flows as follows Project D: IRR of 16%, up-front capital outflow of $1.5 million, and NPV of $0.39 million Project E: IRR of 10%, no up-front capital outflow Which project should Lucky select? Project A Project C Project E Project D Project B