Project S requires an initial outlay at t = 0 of $14,000, and its expected cash flows would be $6,000 per year for 5 years. Mutually exclusive Project L requires an initial outlay att 0 of $31,500, and its expected cash flows would be $8,350 per year for 5 years. If both projects have a WACC of 16%, which project would you recommend? Select the correct answer. a. Both Projects 5 and L, since both projects have IRR'S > 0. b. Both Projects S and L, since both projects have NPV's > 0 c. Neither Project Snor, since each project's NPV NPVL e Project L. Since the NP NPVS