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: 4 Project 1 350 75 5$75 $185 $185 Project 2 650 $300 $300 $60 $60 $60 Which project would you recommend? Select the correct answer. O a. Project 2, since the NPV2> NPV1 O b. Neither Project 1 nor 2, since each project's NPV NPV2. d. Both Projects 1 and 2, since both projects have IRR's>0 O e. Both Projects 1 and 2, since both projects have NPV's >0