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Project A and Project B are independent projects. Investment life of Project A is 4 years and investment life of Project B is 17 years.

Project A and Project B are independent projects. Investment life of Project A is 4 years and investment life of Project B is 17 years. Project A's NPV is $375 and Project B's NPV is $1,743. EANPV of project A is $102 and EANPV of project B is $96. Which of the following decision is correct?

a. Select Project B because it has a higher NPV

b. Select Project B because it has a longer investment life

C. Select both projects because both have positive NPVs.

d. Select Project A because it has a shorter investment life

E. Select Project A because it has a higher EANPV

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