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Project A has an IRR of 13% and an NPV of $32,011 when a 7% discount rate is applied. Project B has an IRR of

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Project A has an IRR of 13% and an NPV of $32,011 when a 7% discount rate is applied. Project B has an IRR of 11% and an NPV of $265,012 when a 7% discount rate is applied. You can only choose between A and B (A and B are mutually exclusive). Your company has a hurdle rate of 7% on all projects. Which project do you choose? O (a) A O (b) B O (c) Neither

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