$m Year 1 9 16 Today Year 2 Year 3 Project RED -30 13 16 Project FOX -26 12 4 (a) The project team is debating WACC. What is each project's NPV assuming WACC is 5%, 10%, and 15%? (b) What is the IRR of each project? (c) If Marist's Board determines that WACC is 10%, which project would you select? How about if WACC is 15%