EMC needs to decide between two projects which are mutually exclusive. Both projects require an initial investment of $10,000 and are typical, average-risk projects for the firm. Project A has an expected life of 3 years with after-tax cash inflows of $6,000 and $8,000 and $4000 at the end of Years 1.2 and 3 respectively. Project B has an expected life of 6 years with aftertax cash inflows of $4.000 at the end of each of the next 6 years. The firm's cost of capital is 10 percent. If the projects can be repeated indefinitely, which project should be chosen? A) Choose project B as it has the highest NPV of $7241 B) Choose project A as it has the highest common life NPV of $8881.57 C) Choose project B as it has the highest common life NPV of $11328 D) Project B as it has cash flows for six years compared to three years for project A E) Either projects can be chosen as they both have an investment of $10.000 CA B