Question 7 (1 point) Your division is considering two projects with the following cash flows and a WACC of 9.00% Year Project Red -$200,000 $60,000 $78,000 $120,000 Project Blue -$200,000 $100,000 $100,000 $50,000 a. Assuming the projects are independent, which one(s) would you recommend? b. If the projects are mutually exclusive, which would you recommend? a. Assuming the projects are independent, which one(s) would you recommend? b. If the projects are mutually exclusive, which would you recommend? a) Project Red; b)Project Blue a)Both; b)Project Blue a)Both; b)Project Red a)Project Blue; b)Both a) Project Blue; b)Project Red a)Both; b)Both a) Project Red; b)Both