As the director of capital budgeting for UNO Corporation, you are evaluating two mutually exclusive projects with the following net cash flows:

YearProject LProject S0-$100,000-$100,000165,00010,000240,00035,000330,00045,000415,00095,000

If UNO's cost of capital is 15 percent, you would choose?

Group of answer choices

Neither project should be accepted

Project L should be accepted because it has the higher NPV

Project L should be accepted because it has the higher ROI

Project S should be accepted because it has the higher NPV

Project L should be accepted because it has the higher IRR