Kenner Company is considering two projects.

Line Item Description Project A Project B

Initial investment $$850,000$ $$600,000$

Annual cash flows $$206,742$ $$150,274$

Life of the project $6$ years $5$ years

Depreciation per year $$141,670$ $$4,800$

Present value of an annuity of $$1$ in arrears

Periods $8\%10\%12\%14\%$

$10\mathrm{.}925930\mathrm{.}909090\mathrm{.}892860\mathrm{.}87719$

$21\mathrm{.}783261\mathrm{.}735541\mathrm{.}690051\mathrm{.}64666$

$32\mathrm{.}577102\mathrm{.}486852\mathrm{.}401832\mathrm{.}32163$

$43\mathrm{.}312133\mathrm{.}169873\mathrm{.}037352\mathrm{.}91371$

$53\mathrm{.}992713\mathrm{.}790793\mathrm{.}604783\mathrm{.}43308$

$64\mathrm{.}622884\mathrm{.}355264\mathrm{.}111413\mathrm{.}88867$

$75\mathrm{.}206374\mathrm{.}868424\mathrm{.}563764\mathrm{.}28830$

$85\mathrm{.}746645\mathrm{.}334934\mathrm{.}967644\mathrm{.}63886$

$96\mathrm{.}246895\mathrm{.}759025\mathrm{.}328254\mathrm{.}94637$

$106\mathrm{.}710086\mathrm{.}144575\mathrm{.}650225\mathrm{.}21612$

Which of the two projects, A or B$,$ is better in terms of internal rate of return? $($Round discount factors to five decimal places.$)$

a$.$ Project B with an IRR of $14\%$

b$.$ Project B with an IRR of $10\%$

c$.$ Project A with an IRR of $10\%$

d$.$ Project A with an IRR of $12\%$