You are considering two mutually exclusive projects with the following cash flows. Will you choice between the two projects differ if the required rate of return is 8 percent rather than 11 percent? If so, what should you do?

Year Project A Project B

0 -$240,000 -$198,000

1 $0 $110,800

2 $0 $82,500

3 $325,000 $45,000

Yes; Select A at 8 percent and B at 11 percent

Yes; Select B at 8 percent and A at 11 percent

Yes; Select A at 8 percent and select neither at 11 percent

no; Regardless of the required rate, project A always has the higher NVP

no; Regardless of the requried rate, project B always has the higher NVP.

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