Two mutually exclusive projects gave an initial cost of $47,500 each. project A produces cash infows if $25,300, $37,100, and $22,000 for years 1 through 3, respectively. Project B produces cash inflows of $43,600, $19,800 and $10,400 for years 1 through 3, respectively. The required rate of return is 14.7 percent for project A and 14.9 percent for project . which project(s) should be accepted and why?

Multiple Choice Project A, because it has the higher required rate of return Project A, because it has the larger NPV. O Project B, because it has the higher required rate of retum. O Project 8, because it has the larger NPV Project B, because it has the largest cash inflow in Year 1