YDF Inc is considering between two projects (Project A and Project B). Project A has an initial cost of 8 million $, and its expected to pay 1 million per year in perpetuity (the first payment is in a year from today). Project B has an initial cost of 10 million and is expected to pay 1.2 million per year in perpetuity (the first payment is in a year from today).

If the opportunity cost of capital is 10%, should YDF invest in project A? Answer: [ Select ] ["Indifferent between accepting and rejecting the project", "Reject", "Cannot answer without more information", "Accept"]

If the opportunity cost of capital is 10%, should YDF invest in project B? Answer: [ Select ] ["Need more information to answer", "Accept", "Reject", "Indifferent between accepting and rejecting"]

Which project has a greater IRR? Answer: