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Project A and Project B are mutually exclusive projects. Project A has a higher IRR than Project B. The NPV profile of the two projects

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Project A and Project B are mutually exclusive projects. Project A has a higher IRR than Project B. The NPV profile of the two projects intersect at 11.75%. Which of the following statement is true based on this information? Project A's NPV is higher than Project B's NPV at all discount rates. Project A's NPV is higher than Project B's NPV for any disijunt rate below 11.75%. Project B's NPV is higher than Project A's NPV for any discount rate below 11.75%. Project A and Project B will not have the same NPV at any discount rate. Project B's NPV is higher than Project A's NPV for any discount rate above 11.75%

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