You are considering the following two mutually exclusive projects. The required return on each project is 11 percent, which project should you accept and what is the best reason for that decision? Project A Project Year o -$15.000 -SI5.000 SG SO Year 2 SO $5. Year 3 $5.00 590 Year 4 $4,000 S11.000 Project As because it pays back faster Project Asbecause it has the higher profitability index Project B:because it has the higher profitability index Project A because it has the higher net present value Project B; because it has the higher net present value QUESTION 26 Harter's Meats has an average collection period of 42 days and factors all of its receivables immediately at a 1.1 percent discount. Assume all accounts are collected in full. What is the firm's effective 5.87 percent 9.58 percent 10.09 percent 10 percent 10.4 percent