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

$012345$

Project $1-$$$300$ $$65$ $$65$ $$65$ $$210$ $$210$

Project $2-$$$400$ $$300$ $$300$ $$150$ $$150$ $$150$

Which project would you recommend?

Select the correct answer.

a$.$ Both Projects $1$ and $2,$ since both projects have NPVs $>0.$

b$.$ Project $1,$ since the $NP{V}_1>NP{V}_2.$

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

d$.$ Project $2,$ since the NPV $>N_2{V}_1.$

e$.$ Neither Project $1$ nor $2,$ since each project's NPV