CAPITAL BUDGETING CRITERIA: MUTUALLY EXCLUSIVE PROJECTS A firm with a WACC of 10% is considering the following mutually exclusive projects: 0 1 2 3 4 5 Project 1 -$300 $50 $50 Project 2 -$450 $200 $200 Which project would you recommend? $50 $80 $175 $80 $175 $80 Select the correct answer. a. Both Projects 1 and 2, since both projects have NPV's > 0. Ob. Project 1, since the NPV1 > NPV2. Oc. Both Projects 1 and 2, since both projects have IRR's > 0. Od. Project 2, since the NPV2 > NPV1. Oe. Neither Project 1 nor 2, since each project's NPV