单选题 An analyst does research about cost of capital and gathers the following information about a company's proposed investment projects for 2012:

Project	Initial Investment(million)	NPV (million)	IRR
1	$21	$2.4	21%
2	$23	$1.6	19%
3	$19	$0.8	17%
4	$19	$0.6	14%
5	$31	-$1.0	12%

If the analyst's calculations are accurate, the each of the projects has the predicted cash flow pattern and the same risk as the company, the company's cost of capital is closest to:
A. 12%
B. 13%
C. 14%