19. Holt Corp. is considering two mutually exclusive projects, Projects Santiago and Peralta: Santiago Peralta NPV S250,000 $225,000 PI 1.20 1.40 IRR | 11.40% | 12.20% PB 3.4 years 3.8 years Assuming Holt Corp. wants to maximize shareholder wealth and can afford either project, which project should it invest in? a. Project Santiago b. Project Peralta c. Both projects d. Neither project 20. Two considerations that cause a corporation's cost of capital to be different than its investors' required returns are a. individual taxes and dividends. b. individual taxes and corporate taxes. c. corporate taxes and the earned income tax credit. d. corporate taxes and flotation costs