Problem 11.10 (Capital Budgeting Criteria: Mutually Exclusive Projects) eBook A firm with a WACC of 10% is considering the following mutually exclusive projects: 0 2 3 5 1 2 4 $215 Project 1 -$400 $50 $50 Project 2 $500 $200 $200 Which project would you recommend? $50 $145 $215 $145 $145 Select the correct answer O. Both Projects 1 and 2, since both projects have NPV's > 0. O b. Project 1. since the NPV, > NPV 2 O c. Both Projects 1 and 2 since both projects have IRR's > 0 O d. Project 2. since the NPV2> NPV1 O e. Neither Project 1 nor 2. since each project's NPV