Suppose that two years ago a company invested in Project A and its main competitor invested in Project B. Both Project A and Project B had the same initial cash outlay and applied the same annual interest rate. Project A earned simple interest and Project B earned compound interest. If interest is applied annually, which of the following statements is true? O a. Project A has earned less interest to date than Proiect B O b.. Project A has earned more interest to date than Project B. O c. Project A is a more attractive investment than Project B. O d. Project A has earned the same amount of interest to date as Project B.

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