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You are considering the following two mutually exclusive projects. The required return on each project is 16 percent. Which project should you accept and what

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You are considering the following two mutually exclusive projects. The required return on each project is 16 percent. Which project should you accept and what is the best reason for that decision? PROJECT A PROJECTB Year 0 -15,000 $ Year 1 11,000 - 19,000 $ 14,000 11,000 Year 2 9,000 Pick B, because the IRR in A is less than the IRR in B and both IRRs are greater than 16%. Pick A, because the IRR in A is greater than the IRR in B and both IRRs are greater than 16%. Pick B, because the NPV in A is less than the NPV in B and both NPVs are positive. Pick A, because the NPV in A is greater than the NPV in B and both NPVs are positive

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