Question 10 5.89 pts A company has the option to invest in project A, project B, or neither (the projects are mutually exclusive and the company has no other investment options). Project A requires an initial investment of $100,000 today and provides cash flows of $30,000 a year for five years. Project B requires a $875,000 investment today and will have cash flows of $200,000 a year for 4 years, with a final cashflow of $300,000 in year 5. The firm's hurdle rate (discount rate) for these projects is 8%. The IRR of project A is: O (a) below 8% O (b) exactly 8% O (c) above 8%