JYP Inc. is evaluating two mutually exclusive projects. JYP has a 10% required rate of return and has gathered the following after-tax data: Project A Project B Initial costs $16,000 $20,000 Project life 5 years 5 years Cash flows $7,000 per year $7,500 per year Using net present value (NPV) as the analysis tool, which one of the following should the company select? Question 10 options: a) Accept Project A and reject Project B. b) Reject Project A and accept Project B. c) Accept both projects. d) Reject both projects