Brandywine Tours is considering two mutually exclusive projects, Projects A and B$.$ Project A has an IRR of $18\mathrm{.}74$ percent. Project B has an IRR of $21\mathrm{.}7$ percent. The cost of capital for the projects is $14$ percent. It also has determined that the crossover rate $($incremental IRR$)$ for these projects is $16\mathrm{.}1$ percent. Given this you know that:

I. The NPV of Project A is larger than the NPV of Project B$.$

II$.$ The NPV of Project B is larger than the NPV of Project A$.$

III. Project B should be chosen.

IV$.$ Project A should be chosen.

V$.$ Both projects should be rejected because the cost of capital is less than the crossover rate indicating that both have negative NPVs$.$

A$.$

II and III

B$.$

II and IV

C$.$

I and III

D$.$

V

E$.$

I and IV