CAPITAL BUDGETING CRITERIA: MUTUALLY EXCLUSIVE PROJECTS A firm with a WACC of 10% is considering the following mutually exclusive projects: 4 Project 1$500 $80 $80 $80 $205 $205 $80 $80$80 Project 2$650 $300 $300 Which project would you recommend? Select the correct answer. a. Project 2, since the NPV2> NPV b. Neither Project 1 nor 2, since each project's NPV 0 c. Project 1, since the NPV1 NPV2 d. Both Projects 1 and 2, since both projects have NPV's > 0. e. Both Projects 1 and 2, since both projects have IRR's> 0