Your firm has estimated the following cash flows for two mutually exclusive capital investment projects. The firm's required rate of return is 10%.

Year	Project A Cash Flow	Project B Cash Flow
0	-$185,000	-$410,000
1	55,000	120,000
2	55,000	120,000
3	55,000	110,000
4	45,000	110,000
5	45,000	90,000
6	45,000	60,000

Which of the following statements is true concerning projects A and B?

Group of answer choices

Project B has a larger IRR than project A.

Project B is really cool.

Project A has a larger NPV than project B.

None of these are correct.

Project A has a larger IRR than project B.