Two mutually exclusive projects are being considered. Project A has a Pl of $1\mathrm{.}3$ and a higher IRR than Project B$.$ However, Project B has a Pl of $1\mathrm{.}2$ but a much higher PV$.$ If there is no budget constraint, which project should the firm choose and why?

$$Project A$,$ because it provides more value per dollar invested

$$Project A$,$ because its IRR is higher

$$Project B$,$ because it generates more total value

$$Either project, since both exceed the minimum criteria