Assume that there are two competing projects, A and B. Project A has a net present value of $1,000 and an internal rate of return of 15 percent; Project B has an NPV of $800 and an IRR of 20 percent. Which of the following is true?
  a.  It is not possible to use NPVor IRR to choose between the two projects.
  b.  Project B should be chosen because it has a higher IRR.
  c.  Project A should be chosen because it has a higher NPV.
  d.  Neither project should be chosen.
  e.  None of the above.