5 Homework signments Module 5 Homework Search this cou westions Assignment Score: 0.00 Problem 11.11 (Capital Budgeting Criteria: Mutually Exclusive Projects) Save Submit Ansigtment for Grading OO Question 1 of 30 Check My Work remaining E eBook O Project Srequires an initial outlay att- of $16,000, and its expected cash flows would be $5.500 per year for 5 years. Mutually exclusive Project requires an initially at t-of $44,000, and O its expected cash flows would be $9,500 per year for 5 years. If both projects have a WACC of 15%, which project would you recommend? Select the correct answer. O a. Both Projects and since both projects have s. O b. Project since the NPV > NPV OcNeither Project Snor, since each project's NPV NPVL O e. Both Projects Sand, since both projects have NPV's > 0