Over$-$the$-$Top Canopies $($OTC$)$ is evaluating two independent investments. Project S costs $$145,000$ and has an IRR equal to $14$ percent, and Project L costs $$135,000$ and has an IRR equal to $13$ percent. OTC's capital structure consists of $20$ percent debt and $80$ percent common equity, and its component costs of capital are rdT $=3\%,$ rs $=11\%,$ and re $=13\mathrm{.}5\%.$ If OTC expects to generate $$210,000$ in retained earnings this year, which project$($s$)$ should be purchased? Round your answers to one decimal place.

Project WACC Acceptable?

S $\_\_\_\_\_\_\%($Yes or No$)$

L $\_\_\_\_\_\_\%($ Yes or No$)$

Thus, $\_\_\_\_\_$ should be purchased. $($OPTIONS::: only project S$,$ only Project L$,$ both projects, neither project$)$