Given the following cash flows for two mutually exclusive projects, and a required rate of return of 12%, which of the following statements is true?

Year	Project A	Project B
0	-300,000	-300,000
1	150,000	70,000
2	150,000	70,000
3	80,000	120,000
4	80,000	120,000
5		120,000
6		60,000

Group of answer choices

Project B should be accepted because it has the highest EAA.

Project A should be accepted because it has the highest EAA.

Neither project should be accepted.

Project A should be accepted because it has the highest NPV.

Project B should be accepted because it has the highest NPV.