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Be very detailed. Show formulas that is used for yourconclusions.Give more than one examples. Show working step by step.Explanation must excess 150 words.Part A:You have calculated the NPV and IRR for two investment projectsbased on the costs and cash flows, but you can only select the bestone to choose between project A, and Project B. Based on thefollowing data, which one will you select, and why?ProjectA ProjectBNPV: $10,000 $9,000IRR: 9 % 12%PART B:If you invested in every stock listed on the New York StockExchange, would you be fully diversified? Would you have eliminatedall the risks? Explain.You must provide any in-text citations as per the APA guide.Failure to comply with the APA standard will cause a reduction inyour grade.