$$9,700$ per year for $5$ years. If both projects have a WACC of $14\%,$ which project would you recommend?

Select the correct answer.

a$.$ Both Projects $S$ and $L,$ since both projects have IRR's $>0.$

b$.$ Neither Project $S$ nor L$,$ since each project's NPV

c$.$ Project $L,$ since the NPV $>NP{V}_5.$

d$.$ Project $S,$ since the $NP{V}_S>NP{V}_L.$

e$.$ Both Projects $S$ and $L,$ since both projects have NPV$\text{'}$s $>0.$