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$350 $60 $60 $60 $240 $240 5350 %350 $55 $5555s Project 2 $450 $350 $350 $55$55$5!5 Which project would you recommend? Select the correct answer. a. Project 1, since the NPV1> NPV2. b. Neither Project 1 nor 2, since each project's NPV NPV1 d. Both Projects 1 and 2, since both projects have IRR's> 0 e. Both Projects 1 and 2, since both projects have NPV's > 0