Ch 11-CBI (Homework - from EOC Problems) Back to Assignment Attempts Average / 1 9. Problem 11.11 (Capital Budgeting Criteria: Mutually Exclusive Projects) eBook Project S requires an initial outlay at t = 0 of $11,000, and its expected cash flows would be $4,000 per year for 5 years. Mutually exclusive Project L requires an initial outlay at t = 0 of $47,500, and its expected cash flows would be $9,450 per year for 5 years. If both projects have WACC of 13%, which project would you recommend? Select the correct answer. Oa. Project L, because the NPVL > NPVs. Ob. Project S, because the NPVs > NPVL. Oc. Both Projects S and L, because both projects have IRR's > 0. Od. Neither Project S nor L, because each project's NPV 0. Save & Continue Continue without saving Grade it Now