You are considering two independent projects with the following cash flows. The required return for both projects is 10 percent. Given this information, which one of the following statements is correct?

Year Project A Project B

0 -$105,000 -$105,000

1 46,000 50,000

2 79,000 30,000

3 51,000 110,000

Group of answer choices

You should reject both projects based on both the NPV and IRR decision rules.

You should accept Project B and reject Project A based on their respective NPVs

You should accept Project A and reject Project B based on their respective NPVs.

You should accept both projects based on both the NPV and IRR decision rules.

You should accept Project A and reject Project B based on their respective IRRs.