Question: Projects A and B are mutually exclusive and have an initial cost of $ 8 2 , 0 0 0 each. Project A provides cash

Projects A and B are mutually exclusive and have an initial cost of $82,000 each. Project A provides cash inflows of $34,000 a year for three years while Project B produces a cash inflow of $115,000 in Year 3.
Which project(s) should be accepted if the discount rate is 11.7 percent? What if the discount rate is 13.5 percent?
a. Accept B at 11.7 percent and neither at 13.5 percent
b. Accept B at both discount rates
c. Accept both at 11.7 percent and neither at 13.5 percent
d. Accept A at both discount rates
e.Accept A at 11.7 percent and neither at 13.5 percent
( I've chosen "a" but this was incorrect...)

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