4.Over-the-Top Canopies (OTC) is evaluating two independent investments. Project S costs $160,000 and has an IRR equal to 10 percent, and Project L costs $150,000 and has an IRR equal to 8 percent. OTC's capital structure consists of 20 percent debt and 80 percent common equity, and its component costs of capital are rdT = 3%, rs = 8%, and re = 9.5%. If OTC expects to generate $240,000 in retained earnings this year, which project(s) should be purchased? Round your answers to one decimal place.