9. Problem 11.11 (Capital Budgeting Criteriat Mutually Excluslve Projects) Project 5 requires an initial eutiay at t=0 of $19,000, and its expected cash fows would be $7,000 per year for 5 years, Neitualiy exctuaive Project L requires an. intial duttoy at t=0 of $37,000, and its expected cash flows would be $9,750 per year for 5 years, tf both projects have a WMCC of 1246 , afich prolect would you recommend? Select the corect answer. B. Both Projects S and L,because both projects have NPV's >0. 9. Project S, because the NPVs s NPYL. C. Nelther Project 5 nor L4 because each project's NPV 0. 1. Project L, because the NPV > NPVs. 8. Both Projects 5 and L because both projects have 1RR's >0