Remaining Time: 1 hour, 24 minutes, 01 second. Question Completion Status: QUESTION 15 0 A firm is considering the following two mutually exclusive projects. The required return on each project is 14 percent. Which project should be accepted and what is the best reason for that decision? Year Project A Project B -346,000 -$46,000 1 25,000 11,000 18,000 19,000 16,000 32,000 2 3 Project B because it pays back faster. Project A because it has the highest net present value. (NPVA $579.7843) Project B because it has the highest net present value Project B because it has the highest internal rate of return. Project A because it pays back faster. (PPA_2.1875 years) QUESTION 16 A 10-year corporate bond has an annual coupon of nine percent. The bond is currently selling at par (.6. $1,000). Which of the following statements is CORRECT? The bond's capital gains yield (CGY) is zero. The bond's yield to maturity (YTM) is above nine percent The bond's current yield (cy) is above nine percent. The bond's capital gains yield (CGY) is nine percent The bond's current yield (CY is less than its capital gains yield (CGY). Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save A Answers