16. Project S requires an initial outlay at t = 0 of $13,000, and its expected cash flows would be $5,000 per year for 5 years. Mutually exclusive Project L requires an initial outlay at t = 0 of $34,000, and its expected cash flows would be $14,000 per year for 5 years. If both projects have a WACC of 16%, which project would you recommend? Select the correct answer. O O a. Project S, since the NPVS > NPVL. b. Both Projects S and L, since both projects have NPV's > 0. c. Both Projects S and L, since both projects have IRR's > 0. d. Neither Project S nor L, since each project's NPV NPVS.

Project S requires an initial outlay at t=0 of $13,000, and its expected cash flows would be $5,000 per year for 5 years. Mutually exclusive Project L requires an initial outiay at t=0 of $34,000, and its expected cash flows would be $14,000 per year for 5 years. If both projects have a wAcc of 16%, which project would you recommend? Select the correct answer: a. Project 5 , since the NPNs > NPV b. Both Projects S and L, since both projects have NPV s>0. c Both Projects 5 and L, since both projects have IRR's >0. d. Neither Project 5 nor L, since each projects NPV NPV5