Garage, Inc., has identified the following two mutually exclusive projects. The required rate of return on both projects is 12%. Which project should the company choose and why?

Year	Cash Flow (A)	Cash Flow (B)
0	-$29,000	-$29,000
1	14,400	4,400
2	12,300	9,800
3	9,200	18,500
4	8,100	16,800

A: Choose A because project A has a higher IRR

B: Choose B because project B has a higher NPV

C: Choose B because project B has shorter payback period

D: Choose A because project A has higher profitability index