Project Mouse requires an investment of $18 million today and has after tax cash flows of $5.70 million per year for 5 years. Project Cat requires an investment of $1 million today and has an after tax cash flow of $0.75 million per year for 8 years. Assuming that both projects can be replicated when completed, which of the following is correct? Use a required rate of return of 12%. Choose Project Mouse because it has the higher EAA Choose Project Cat because it has the higher NPV Choose Project Mouse because it has the higher NPV Choose Project Cat because it has the higher EAA