CAPITAL BUDGETING CRITERIA: MUTUALLY EXCLUSIVE PROJECTS A firm with a WACC of 10% is considering the following mutually exclusive projects: 2 3 4 Project 1 0 $80 $80 $80 $215 $215 Project 2 $450 $350 $350 $45 $45 $45 Which project would you recommend? Select the correct answer. O a. Neither Project 1 nor 2, since each project's NPV s. O b. Project 1, since the NPV1NPV2. O c. Both Projects 1 and 2, since both projects have IRR's > o Od. Both Projects 1 and 2, since both projects have NPV's >0. Oe. Project 2, since the NPV2> NPV1