CMC Industries is evaluating two mutually exchaive projects. Both projects have the tame lifespant and stmflar cahflow patterns. However, the magnitude of cashflows is markedly different. Project A has smaller calhlows than Profect B$.$ Furthermore, Project Alas a far greater upfront cost than Project B$.$ The CFO calculated the IRR for both profects and found that Project B has a greater IRR. The CFO has been out of office for rine weeks and has forgotien the appropriate discount rate to use, but a sensitivity analysis of both profects' NPV$\text{'}$s has been conducted and a crossover rate has been deduced. Which of the following are most true?

i$.$ Project B should be selected over Profect A due to its greater IRR.

ii$.$ Project A should be selected over Profect B because it has larger cashflows, employs more capital, and will have a greater NPV$.$

iii. Project A should be selected if the discount rate is lower than the crossover rate and vice vers.

iv$.$ Project B should be selected if the discount rate is lower than the crossover rate and vice versa.

iv

$11$

Fif

Hone of the answers provided are correct

$1$