Project S requires an initial outlay at t = 0 of $11,000, and its expected cash flows would be $7,000 per year for 5 years. Mutually exclusive Project L requires an Initial outlay at t - 0 of $37,000, and its expected cash flows would be $13,500 per year for 5 years. If both projects have a WACC of 15%, which project would you recommend? - Select the correct answer. O O O O O a. Project S, since the NPVs > NPV b. Both Projects S and L, since both projects have IRR's > 0. c. Both Projects S and L, since both projects have NPV's > 0. d. Neither Project Snor , since each project's NPV NPVS