Attempts: Keep the Highest: 71 8. Problem 11.10 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 1 2 3 4 5 $55 $180 $180 Project 1 - $350 $55 $55 Project 2 - $600 $200 $200 Which project would you recommend? $60 $60 $60 Select the correct answer. a. Both Projects 1 and 2, since both projects have NPV's > 0. Ob. Project 2, since the NPV2 > NPV1. Oc. Both Projects 1 and 2, since both projects have IRR's > 0. Od. Project 1, since the NPV1 > NPV2. Oe. Neither Project 1 nor 2, since each project's NPV