Which decision rule - IRR or NPV - would you use to make a capital budgeting decision between Project A and Project B? (b) What are your reasons for choosing that rule?

A 1 2 Year 3 4 5 6 7 8 9 Internal Rate of Return 10 IRR Guess 0 11 IRR Guess 1 12 Net Present Value at Rate of... 13 5% 14 10% 15 15% B Cash Flows Project A 0 $ 1 $ 2 $ 3 $ 4 $ 5 $ Project B (15,000) $ 4,600 $ 4,600 $ 4,600 $ 4,600 $ 4,600 $ (15,000) 10,000 15,000 20,000 10,000 (50,000) D E F G