16. A firm with a WACC of 10% is considering the following mutually exclusive projects: 0 1 2 3 4 5 17 18 $60 $240 $105 19. 20 Project 1 $500 $60 $60 $240 Project 2 -$600 $350 $350 $105 $105 Which project would you recommend? Select the correct answer: a. Both Projects 1 and 2, since both projects have IRR's > 0 b. Project 2 since the NPV2> NPV1 O c Project 1, since the NPV > NPV2. O d. Neither Project 1 nor 2 since each project's NPV 0