Consider the following two projects:

Project	Year 0	Year 1	Year 2	Year 3	Year 4	Discount Rate (%)
	Cash Flow	Cash Flow	Cash Flow	Cash Flow	Cash Flow
A	-90	40	50	60	---	3.0
B	-90	30	30	30	30	3.0

(a) The internal rate of return (IRR) for project A is %. (round to two decimals)

(b) The internal rate of return (IRR) for project B is %. (round to two decimals)

(c) The NPV for project A is . (round to two decimals)

(d) The NPV for project B is . (round to two decimals)

Which of the following statements is correct?

A) You should invest in project B since NPV project B > NPV project A and NPV project B > 0.

B) You should invest in project A since IRR project A > IRR project B.

C) Your should invest i project A since NPV project A < 0.

D) You should invest in project A since NPV project A > NPV project B and NPV project A > 0.

The answer is . Fill in "A", "B", "C" or "D".