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The Net Present Value of Project B is $45.77. If Projects "A" and "B" are mutually exclusive, considering only the NPV method, which project(s) should Big Company proceed with? Explain your answer. Big Company is evaluating two projects, Project A and Project B. Both projects are of equal risk. Big Company has a WACC of 9%. The expected Free Cash Flows of the projects are as follows: Period Annual Cash Flows Project "A" Annual Cash Flows Project B 0 1 ($1,000) 775 275 120 ($1,000) 100 450 745 2 3 Cash flows: Year O is -$1000 Year 1 is $775 Year 2 is $275 Year 3 is $120 IRR is i NPV = -$1,000 + $775/(1+i) + $275/(1+i)^2 + $120/(1+i)^3 0 = -$1,000+ $775/(1+i) + $275/(1+i)^2 + $120/(1+i)^3 IRR of Project A is 11.73%