8. Problem 11.10 (Capital Budgeting Criteria: Mutually Exclusive Projects) eBook A firm with a WACC of 10% is considering the following mutually exclusive projects: 0 1 2 3 4 5 + + Project 1 Project 2 -$450 -$600 $55 $250 $55 $250 $55 $100 S205 $100 S205 $100 Which project would you recommend? Select the correct answer. a. Project 2, since the NPV2 > NPV1. b. Both Projects 1 and 2, since both projects have IRR's > 0. c. Both Projects 1 and 2, since both projects have NPV'S > 0. d. Neither Project 1 nor 2, since each project's NPV NPV2