Two mutually exclusive projects have the following projected cash flows: Project B Cash Flow O O OOO Project A Year Cash Flow 0 1 2 3 4 5 -$50,000 15, 625 15, 625 15, 625. 15,625 15, 625 -$50,000 0 0 0 0 95,000 If the required rate of return on these projects is 10%, which would be chosen and why? a. Project B because it has a higher NPV. b. Project B because it has a higher IRR. c. Project A because it has a higher NPV. d. Project A because it has a higher IRR. e. Neither, because both have IRRs less than the cost of capital.