eBook Projects requires an initial outlay at t of $11,000, and its expected cash flows would be $5,000 per year for 5 years. Mutually exclusive Project L. requires an initial outlay at t = 0 of $27,500, and its expected cash flows would be $8,350 per year for 5 years. If both projects have a WACC of 15%, which project would you recommend? Select the correct answer a. Neither Projects nor , since each project's NPV 0 O c. Both Projects and since both projects have NPV's > 0 . d. Project L, since the NPV > NPVS O . Project S. since the NPV > NPVL Hide Feedback Incorrect Check My Work (a remaining)