Question 7: (15 points) (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? (Round to the nearest cent.) a. The NPV of Project A is: $ b. The NPV of Project B is: $ Which project would be chosen and why? (Select the best choice below.) a. Cannor choose without comparing their IRRs. b. Choose A because its NPV is higher. c. Choose both because they both have positive NPVs. d. Choose B because its NPV is higher.