Maxwell Software, Inc., has the following mutually exclusive projects.Suppose the company uses the NPV rule to rank these two projects.<image 1> Which project should be chosen if the appropriate discount rate is 15 percent?
['Project A', 'Project B']
Discount each project's cash flows at 15 percent. Choose the project with the highest NPV. Project A:NPV = -$141.69 Project B:NPV= $668.20