Nick has just finished plotting the relationship between the NPV of two independent projects (MiniHospital and SuperHospital) for different discount rates. He finds that the IRR of MiniHospital is 8.5% while that of SuperHospital is 6.2%. The crossover rate for the two projects is 5%. Knowing that the two projects are independent, Nick should: UGCHAT HELP Select one O a. Choose the SuperHospital project as its IRR is greater than the MiniHospital project O b. Cannot make a recommendation because IRR should not be used for ranking projects. Nicola should calculate the NPV to make his decision. He should pick the project with the higher NPV. O c. Choose the MiniHospital project as its IRR is less than the Super Hospital project O d. If the opportunity cost of capital is less than 6.2%, then accept both projects. If the opportunity cost of capital is greater than 6.2% but less than 8,5%, then accept only the Mini Hospital project e If the opportunity cost of capital is greater than 5% choose the MiniHospital project. If the discount rate is less than 5%, choose the SuperHospital Project