TNJ Corp. is considering purchasing one of two lawn mowers to reduce both labour and fuel costs: model Light or model Small. Both mowers cost \$75. Model Small generates $90 of savings at the end of the first year and nothing at the end of 2 years. Model Light generates no savings at the end of the first year and $100 of savings at the end of 2 years. Graph the NPV Profiles of each model. When the cost of capital is equal to 11.11%, the NPV for both projects is $6.00. If TNI's actual cosh of capital is 13%, which of the following statements is correct. Accept project Small because it has a higher IRR. Accept project Light because it has a higher NPV. Accept project Small because it has a higher NPV. Reject project Light because it has a lower IRR