Question: Westchester Corp. is considering two equally risky, mutually exclusive projects, both of which have normal cash flows. Project A has an IRR of 11%, while

Westchester Corp. is considering two equally risky, mutually exclusive projects, both of which have normal cash flows. Project A has an IRR of 11%, while Project B's IRR is 14%. If the company's first of capital is 12%, which project should the company accept?

A. Preject A

B. Preject B

C. Both prejects are acceptable

D. Neither of the prejects is acceptable

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