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

Project $1$

Project $2$

Which pr

Select the correct answer.

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

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

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

d$.$ Project $2,$ since the $NP{V}_2>NP{V}_1.$

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