Question: The Liberty Co. is considering two projects. Project A consists of building a wholesale book outlet on lot #169 of the Englewood Retail Center. Project

The Liberty Co. is considering two projects. Project A consists of building a wholesale book outlet on lot #169 of the Englewood Retail Center. Project B consists of building a sit-down restaurant on lot #169 of the Englewood Retail Center. The financial managers of the Liberty Co. used both NPV and IRR to evaluate the two projects. They found that NPV and IRR of Project A were $70,507.61 and 20.44%, respectively. NPV and IRR of Project B were $90,182.29 and 18.84%, respectively. Which project should the Liberty Co. accept? Why?

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