Two projects being considered by a firm are mutually exclusive and of similar risk have the following projected cash flows: Year Project A Cash Flow Project B Cash Flow 0 -$100,000 -$100,000 39,500 0 2 39,500 0 3 39,500 133,000 Based only on the information given, which project or projects would be preferred, and why? Select one: a. Indifferent, because the projects have equal IRRs. b. Include both in the capital budget, since the sum of the cash inflows exceeds the initial investment in both cases. c. Project B, because it has a higher IRR. O d. Project A, because it has a higher IRR. e. Choose neither, since their NPVs are negative