A conflict between the net present value and internal rate of return capital budgeting methods may occur if the projects:

	a.	Are Independent
	b.	Have a size or timing disparity
	c.	Have NPV Profiles that do not intersect
	d.	Have a required rate greater than Fisher's Intersection (or crossover) point
	e.	None of these are correct

The Jackson Company has the opportunity to invest in one of two mutually exclusive machines that will produce a product it will need for the foreseeable future. Machine A costs $14 million but realizes after-tax inflows of $6 million per year for 4 years. After 4 years, the machine must be replaced. Machine B costs $17 million and realizes after-tax inflows of $4.5 million per year for 8 years, after which it must be replaced. Assume that machine prices are not expected to rise because inflation will be offset by cheaper components used in the machines. If the cost of capital is 9 percent, which machine should the company use?

	a.	Machine A
	b.	Machine B
	c.	Both machines A and B
	d.	Neither machine A or B