A firm with a WACC of 10% is considering the following mutually exclusive projects: 1 5 0 2 3 4 5 + Project 1 -$500 $65 $65 $65 $195 $195 Project 2 -$400 $300 $300 $145 $145 $145 Which project would you recommend? Select the correct answer. Ca. Both Projects 1 and 2, since both projects have IRR'S > 0. ob. Both Projects 1 and 2, since both projects have NPV's > 0. Oc. Project 1, since the NPV1 > NPV2. Od. Neither Project 1 nor 2, since each project's NPV NPV1. A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 Projects -$1,000 $886.20 $250 $5 $5 Project L -$1,000 $5 $260 $380 $797.69 The company's WACC is 8.0%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher IRR.) Round your answer to two decimal places. %