Your company is considering two mutually exclusive projects, A and B, whose costs and cash flows are shown below. The projects are equally risky, and their cost of capital is 11%. Choose the correct recommendation.

WACC	11.00 %
Year	0	1	2	3	4
Cash Flow A	- 3000	950	1050	1100	1200
Cash Flow B	- 3900	1235	1365	1430	1560

a. Since the NPV and the IRR of project A are both higher than the NPV and the IRR of project B, project A is recommended.

b. Since the NPV and the IRR of project B are both higher than the NPV and the IRR of project A, project B is recommended.

c. While both projects' IRRs are above their respective IRR thresholds, the NPV of project A is materially higher than the NPV of project B, so project A is recommended.

d. While both projects' IRRs are above their respective IRR thresholds, the NPV of project B is materially higher than the NPV of project A, so project B is recommended.