eep the Highest/ 4. Problem 11.11 Capital Budgeting Criteria Mutually Exclusive Projects) ebook Projects requires an initial outlay at t- of 18,000, and its expected cash flows would be $5,500 per year for 5 year. Mutually exclusive Project requires an outday at t - 0 of 336,000 and its expected cash flows would be $10,300 per year for 5 years. If both projects have a WACC of 14%, which project would you recommend? Select the correct answer Oa. Both Projects S and L, because both projects have NPV's > O. Ob. Both Projects S and L, because both projects have IRR's > 0. Oc. Project L, because the NPV > NPVS. Od. Neither Project Snor L, because each project's NPV NPV. Grade it Now Save &. continue Continue without saving