Project A and Project B are mutually exclusive and have the following expected cash flows: t=0 11 A -$120.000 $30,000 $20,000 $40,000 $70,000 B -$150,000 $40,000 $20,000 $50,000 $85.000 t-2 3 (114 Which of the following statement is correct?
a. Select Project B, if Cost of Capital for the firm undergoing the project is 5%
b Select Project A, if Cost of Capital for the firm undergoing the project is 5%
c. Always select Project A because the IRR of Project A is higher than the IRR for Project B
d: Cannot tell from the provided information
e. Always select Project B because the IRR of Project B is higher than the IRR for Project A
