= Below are two after-tax cash flows for two proposed projects, K and T. IF WACC = 8.5%, which project(s) would be acceptable? Year 0 1 2 3 K -20,000 7,000 7,000 7,000 -20,000 0 0 30,000 T NPV(K) > 0 [+ $2,122], acceptable; NPV(T) > 0 [+ $3,487), acceptable NPV(K) > 0 [+ $2,122], acceptable; NPV(T) 0 [+ $3,487], acceptable NPV(K)