11) Your company is choosing between two MUTUALLY EXCLUSIVE projects that have a required rate of return of 8.25%. You have gathered the following data. Which of the project(s) should be accepted?

	IRR	NPV
Project A	6.40%	$ 22.6 million
Project B	8.50%	$ 16.1 million

A) Accept neither project, as both have a required return that is above the IRR.

B) Accept project B with the higher IRR.

C) Accept project A with the higher NPV.

D) Accept both projects, as both have a positive NPV.

E) Accept both projects, as both have a positive NPV and an IRR greater than the required return.