DC Questions (CNOW) Problem 11.10 (Capital Budgeting Criteria: Mutually Exclusive Projects) B eBook A firm with a WACC of 10% is considering the following mutually exclusive projects: 0 1 3 4 5 N LU $60 $100 $240 $100 $240 $100 Project 1 -$300 $60 $60 Project 2 -$650 $300 $300 Which project would you recommend? Select the correct answer O a. Both Projects 1 and 2, since both projects have IRR's > 0. O b. Project 1, since the NPV1 > NPV2. O c. Both Projects 1 and 2 since both projects have NPV's > 0. O d. Neither Project 1 nor 2, since each project's NPV NPV1. X Hide Feedback Incorrect