Question: Please show all steps (excel formulas used or calculation steps) Project S costs $20,000 and its expected cash flows would be $5,000 per year for

 Please show all steps (excel formulas used or calculation steps) Project

Please show all steps (excel formulas used or calculation steps)

Project S costs $20,000 and its expected cash flows would be $5,000 per year for 5 years. Mutually exclusive Project L costs $26,500 and its expected cash flows would be $9,300 per year for 5 years. If both projects have a WACC of 13%, which project would you recommend? Select the correct answer. a. Neither Project S nor L, since each project's NPV NPVS. c. Both Projects S and L, since both projects have NPV's > 0. d. Project S, since the NPVS > NPVL. Oe. Both Projects S and L, since both projects have IRR's > 0

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