You are analyzing proposed projects and have compiled the following information: WACC (Required Return): 10.00% Year 0 1 2 3 Project A CFs -$4,500,000 $1,000,000 $2,000,000 $3,000,000 Project B CFs -$4,500,000 $2,000,000 $2,000,000 $2,000,000 If the company should pick only one project, what project would be selected? Why? Choose the best answer.

		Project A because Project A's NPV is greater than Project B's NPV.
		Project A because Project A's IRR is greater than Project B's IRR.
		Project B because Project B's NPV is greater than Project A's NPV.
		Project B because Project B's IRR is greater than Project A's IRR.