Use the following to answer question 21:

Project	Year 0	Year 1	Year 2	Year 3
A	-$200	$75	$125	$100
B	-$300	$150	$150	$125

21- (2 points) If the project A and B are mutually exclusive, which of the following is true? (both projects have a required return of 10%)

A) With a payback cutoff of 1.5 years, both projects are unacceptable.

B) The crossover rate for these two projects is 15.4%.

C) Based on the NPV decision rule, we would choose project B.

D) Based on the IRR decision rule, we would choose project A.

E) All of the above.