YEAR 0 1 PROJECT A -50,000 23,700 21,700 19,200 14,300 PROJECT B -353,000 42,000 62,000 62,000 500,000 2 3 4 You consider two mutually exclusive projects whose cash flows are given above. Required return is 164, Which project should be accepted and why? Project B should be accepted since required return is greater than the cross-over point. Project A should be accepted since required return is less than the cross-over point and NPV for Project A is higher than NPV for Project 8. Project B should be accepted since Project B has higher IRR. Project B should be accepted since required return is less than the cross-over point and NPV for Project is higher than NPV for Project A Project A should be accepted since NPV for Project A is higher than NPV for Project 8