The Modified Internal Rate of Return of Project B is 11.32%. If Projects A and B are independent, considering only the MIRR method, which project(s) should Big Company proceed with?

Group of answer choices

a. Project "A" should be chosen because Project "A" has a MIRR greater than the MIRR of Project "B", which means that Project "A" has a higher return.

b. Project "B" should be chosen because Project "B" has a MIRR less than the MIRR of Project "A", which means that Project "B" is a more efficient use of capital.

c. Both Projects should be chosen because both Projects have a MIRR > WACC, which means that both Projects have acceptable returns.

d. Neither Project should be chosen because both Projects have a MIRR > WACC which means that both Project's costs exceed their investment given the cost of capital.

e. None of the answers above are correct.