A firm with a WACC of 10% is considering the following mutually exclusive projects: 0 1 2 3 4 5 Project 1 -$500 $60 $60 Project 2 -$700 $300 $300 Which project would you recommend? $60 $100 $240 $100 $240 $100 Select the correct answer. a. Project 2, since the NPV2> NPV1. O b. Both Projects 1 and 2, since both projects have IRR's > 0. C. Project 1, since the NPV1 > NPV2. d. Neither Project 1 nor 2, since each project's NPV 0