Company X is considering Project S and L, whose cash flows are shown below. these projects are mutually exclusive the WACC is 9%. Project L's CF Year 0 is -$1000 year 1 is $550 year 2 is $600 year 3 is $0 and year 4 is $220. project S's CF is year 0 -$2,600 year 1 $750 year 2 $700 year 3 $800 year 4 $1,400. a. Calculate the NPVs for project S and L b.) calculate the IRRs for Project S and L c.) based on the valuation in part a,b and c which project would you choose? explain your answer