Project A has an internal rate of return (IRR) of 17 percent. Project B has an IRR of 14 percent. Both projects have a cost of capital of 15 percent. Which of the following statements is most correct?

A.

Project B is acceptable only if Projects A and B are independent.

B.

Project A must have a higher net present value than Project b.

C.

The net present value for Project B is negative.

D.

Both projects have a positive net present value.