D Question 3 1 pts Following is information about two capital budgeting projects the CFO of Everlasting Energy (EE) is evaluating. If the projects are mutually exclusive, which one(s) should be purchased? NPV IRR Project) $2,250 16.0% Project K $2,700 14.0% O Project Konly, because it has the higher net present value (NPV). Project J only, because it has the higher internal rate of return (IRR). Neither project should be purchased, because they both have positive NPVs. The firm's required rate of return must be given to determine which project(s) should be purchased. Both projects should be purchased, because they both are acceptable