The projected cash flows for two mutually exclusive projects are as follows:

Year	Project A	Project B
0	($150,000)	($150,000)
1	0	50,000
2	0	50,000
3	0	50,000
4	0	50,000
5	250,000	50,000

If the cost of capital is 10%, the decidedly more favorable project is:

a.	project A with an NPV of $39,539 and an IRR of 10.8%.
b.	project A with an NPV of $5,230 and an IRR of 10.8%.
c.	project B with an NPV of $39,539 and an IRR of 19.9%.
d.	project B with an NPV of $5,230 and an IRR of 19.9%.