CAPITAL BUDGETING CRITERIA: MUTUALLY EXCLUSIVE PROJECTS A firm with a WACC of 10% is considering the following mutually exclusive projects: I I Which project would you recommend? Select the correct answer. a. Both Projects 1 and 2, since both projects have NPV's > 0. b. Neither Project 1 nor 2, since each project's NPV NPV1. d. Project 1, since the NPV 1> NPV 2. e. Both Projects 1 and 2, since both projects have IRR's > 0