Larsen, Inc., has identified the following two mutually exclusive projects. The cash flows for Project A for years 0 through 4 are respectively: -$12,500, $4,000, $5,000, $6,000 and $1,000. For Project B, the cash flows for years 0 through 4 are respectively: -$12,500, $1,000, $6,000, $5,000 and $4,000. The cost of capital is 9%. On the basis of IRR exclusively, which of the following statements is correct?

Group of answer choices

Choose Project A

Choose Project B

Choose Projects A and B

Choose neither Project A nor Project B