Project A has an NPV of -$8,284.88 (i.e., negative $8,284.88) and Project B has an NPV of -$4,371,25 (i.e., negative $4,371,25). Both projects have normal (standard) cash flows and WACC for both projects is 14%. Which of the following statements is correct? a. Project A must have a higher IRR than Project B. b. Project B must have a higher IRR than Project A. c. Both projects have a positive IRR. d. Both projects have a negative IRR. e. Both projects have IRR greater than 14%. f. Both projects have IRR less than 14%. g. None of the answers listed above are correct.
