You are considering two independent projects. project a has an initial cost of $125,000 and cash inflows of $46,000, $79,000, and $51,000 for years 1 to 3, respectively. project b costs $135,000 with expected cash inflows for years 1 to 3 of $50,000, $30,000, and $100,000, respectively. the required return for both projects is 16 percent. based on irr, you should:

a. accept both projects.
b. accept project a and reject project b.
c. accept project b and reject project a.
d. reject both projects.
e. accept either one of the projects, but not both