A firm with a WACC of 10% is considering the following mutually exclusive projects: 0 1 2 3 4 5 + Project 1 -$350 $40 $40 $40 $235 $235 Project 2 -$400 $300 $300 $120 $120 $120 Which project would you recommend? Select the correct answer. O a. Project 1, since the NPV1 > NPV2. b. Both Projects 1 and 2, since both projects have IRR's > 0. Oc. Both Projects 1 and 2, since both projects have NPV's > 0. O d. Neither Project 1 nor 2, since each project's NPV < 0. Oe. Project 2, since the NPV2 > NPV1.