A firm with a WACC of $10\%$ is considering the following mutually exclusive projects:

$012345$

Project $1-$$$450$ $$50$ $$50$ $$50$ $$220$ $$220$

Project $2-$$$500$ $$300$ $$300$ $$60$ $$60$ $$60$

Which project would you recommend?

Select the correct answer.

a$.$ Project $2,$ since the NPV$2>$ NPV$1.$

b$.$ Neither Project $1$ nor $2,$ since each project's NPV $<0.$

c$.$ Both Projects $1$ and $2,$ since both projects have NPV$\text{'}$s $>0.$

d$.$ Both Projects $1$ and $2,$ since both projects have IRR's $>0.$

e$.$ Project $1,$ since the NPV$1>$ NPV$2.$