Check My Work (1 remaining) Problem 11-10 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 $235 $50 Project 1 -$200 $70 $70 $70 $235 Project 2 - $600 $350 $350 $50 $50 Which project would you recommend? Select the correct answer. O I. Both Projects 1 and 2, since both projects have NPV's > 0. II. Project 2, since the NPV2 > NPV1. O III. Project 1, since the NPV> NPV2. O IV. Neither A or B, since each project's NPV 0