(Mutually exclusive projects and NPV) You have been assigned the task of evaluating two mutually exclusive projects with the following projected cash flows: If the appropriate discount rate on these projects is 11 percent, which would be chosen and why? What is the NPV of project A? $ nothing (Round to the nearest cent.) What is the NPV of project B? $ (Round to the nearest cent.) Which project would be chosen and why? (Select the best choice.) A. Choose Upper A because its NPV is higher. B. Cannot choose without comparing their IRRs. C. Choose both because they both have positive NPVs. D. Choose Upper B because its NPV is higher.

YEAR PROJECT A CASH FLOW PROJECT B CASH FLOW 0 -90,000 -90,000 1 30,000 0 2 30,000 0 3 30,000 0 4 30,000 0 5 30,000 200,000