Project C requires a $450 initial investment at time zero, and promises $200 at the end of every year for 8 years.

Project D requires a $350 initial investment at time zero, and promises $130 at the end of every year for 9 years.

If the required rate of the firm is 30%, Using the IRR method, which project/projects should be chosen, given that both projects are independent

A. Project D, since it has the higher IRR.

B. Decline both projects, because their IRR's are less than the required rate of return for the firm.

C. Project C, since it has the higher IRR

D. Accept both rojects, since both IRR's are greater than the required rate of return for the firm.