$]$Two mutually exclusive projects have the following positive NPVs and project lives.

Project NPV Life

Project A $ $5,0003$ Years

Project B $ $6,5005$ Years

If the cost of capital were $15$ percent, which project would you accept?

Multiple Choice

Project A$,$ because it has higher EAC

Project B$,$ because it has higher EAC

Project A$,$ because its NPV can be earned more quickly

Project B$,$ because it has higher NPV