Question: You are considering two independent projects. Project A has an initial cost of $75,000 and cash inflows of $32,000, $38,000, and $42,000 for years 1

 You are considering two independent projects. Project A has an initial

You are considering two independent projects. Project A has an initial cost of $75,000 and cash inflows of $32,000, $38,000, and $42,000 for years 1 to 3, respectively. Project B costs $86,000 with expected cash inflows for years 1 to 3 of $41,000, $43,000, and $47,000, respectively. The required return for both projects is 22 percent. Based on IRR, you Select one: A. Reject both projects. o O B. Accept both projects. O C. Accept Project B and reject Project A. 0 D. Accept Project A and reject Project B. o E. Accept either one of the projects, but not both

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