You need to decide between two mutually exclusive projects. Project A is investing in Machine A with a useful live of 3 years or investing in machine B with a useful life of 5 years. Additional information. Machine A: Initial investment of $10 million and annual cost of $500,000 on years 1 to 3. Machine B: Initial investment of $9 million and annual cost of $800,000 on years 1 to 5. If the discount rate is 11%, which machine should be chosen? Select one: a. Machine A O b. Choose machine with the lowest total cost. Oc Choose the machine with the lowest present value of annual costs. O d. Machine B Oe. Choose the machine with the lowest IRR