A firm with a WACC of 10% is considering the following mutually exclusive projects: 4 Project 1 $250 $55 $55 $55 $165 $%165 Project 2 $500 $350 $350 $55 $55 $55 Which project would you recommend? Select the correct answer. a. Project 1, since the NPV1 NPV2. b. Neither Project 1 nor 2, since each project's NPV 0. d. Project 2, since the NPV2 > NPV1. e. Both Projects 1 and 2, since both projects have IRR's >0