Thomas Industries has $5 million in available cash, which can be used in the next fiscal year for new investments. It is considering two projects. The firm desires an ROI of 12% and a payback period of 3 years. Thomas has a great relationship with their bank and can get a loan of up to $7 million at a rate of 5% per year. The following table provides financial information for each project. Project A $4.7 million Project B $3.8 million 6 years 4 years Measure Required investment Length of project NPV IRR Payback Level of project risk* $8.2 million 56% $6.8 million 40% 2.5 years Low 3.3 years Low