A company is deciding whether to invest 20,000 in Project B The projects cannot be sub-divided and the company does not

[answerhappygod]

A company is deciding whether to invest 20,000 inProject B The projects cannot be sub-divided and the company doesnot have the resources to invest both.
Project A has an Internal Rate of Return(IRR) of 20% anda Net Present Value (NPV) of 1,200 when its cash flows arediscounted at the company’s cost of capital (15%). Project B has anIRR of 18% and a NPV of 1,500 when its cash flows are discounted at15%.
The project that the company should choose to undertakeis
A. Project B because the higher NPVmeans it creates more wealth for the company than ProjectA
B. Project A because it has a higherIRR than Project B
C. Project A because it has ahigher NPV per pound invested than Project B
D. Project B because it has an IRRhigher than the company’s cost of capital