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 $70 $70 $160 $160 Project 1 Project 2 -$300 -$550 $70 $200 $200 $80 $80 $80 Which project would you recommend? Select the correct answer. a. Project 1, since the NPV1 > NPV2. Ob. Both Projects 1 and 2, since both projects have IRR's > 0. Oc. Both Projects 1 and 2, since both projects have NPV'S > 0. O d. Project 2, since the NPV2 > NPV1. O e. Neither Project 1 nor 2, since each project's NPV