7. M & P Ltd is considering two mutually exclusive capital projects, A and B. The project will have the following IRR and NPV (calculated at the company's cost of capital of 8.50%). Project B IRR NPV Project A 10% $250 000 13% $200 000 Which project should be chosen and why? A. Project B; because it pays back faster B. Project B; because its IRR exceeds the company's cost capital C. Project A; because it has lower IRR D. Project A; because it has the higher NPV