8. Problem 11.1O Click here to read the eBook: Net Present Value (NPV) CAPITAL BUDGETING CRITERIA: MUTUALLY EXCLUSIVE PROJECTS A firm with a WACC of 10% is considering the following mutually exclusive projects: 0 2 4 Project 1 $350 $80 $80 $80 $230 $230 Project 2 $450 $300 $300 $55 $55 $55 Which project would you recommend? Select the correct answer. a. Project 2, since the NPV2>NPV1. b. Both Projects 1 and 2, since both projects have IRR'S >O. c. Project 1, since the NPV1 > NPV2. d. Both Projects 1 and 2, since both projects have NPV's >O e. Neither Project 1 nor 2, since each project's NPV