Questions A9-A13 are based on the following information. Two projects have the same time to maturity of 5 years. The projects are mutually exclusive. Start-up costs are $20,000 for project (S) and $35,000 for project (L). Cost of capital is 10% for each project. Project (S) generates cash flows of $7,500 per year for 5 years. Project (L) generates cash flows of $9.500 per year for 5 years. Al3. If the cost of capital fell to 3% which project would you choose (a) Project S, since at that rate NPVs > NPVL (b) Project L, since at that rate NPVs