CAPITAL BUDGETING CRITERIA: MUTUALLY EXCLUSIVE PROJECTS A firm with a WACC of 10% is considering the following mutually exclusive projects: 2 4 5 Project 1$250 $70 $70 $70 $230 $230 Project 2-$700 $350 $350 $65 $65$65 Which project would you recommend? Select the correct answer. a. Project 1, since the NPV1 > NPV2. b. Both Projects 1 and 2, since both projects have NPV's>0 c. Project 2, since the NPV2 > NPV1 d. Both Projects 1 and 2, since both projects have IRR's>0 e. Neither Project 1 nor 2, since each project's NPV