You are considering two independent projects with the same discount rate of 11 percent. Project A costs $284,700 and has cash flows of $75,900, $106,400, and $159,800 for Years 1 to 3, respectively. Project B costs $115,000, and has a cash flow of $50,000 a year for Years 1 to 3. You have sufficient funds to finance any decision you make. Which project or projects, if either, should you accept and why? Project A; because it has the larger NPV Project B; because its IRR exceeds the discount rate both projects; because their NPVs are both positive Project A; because it is the larger-sized project with a positive IRR neither project; because their NPVs are less than their initial costs