Over-the -Top Canopies (OTC) is evaluating two independent investment. Project S costs $150,000 and has an IRR equal to 12 percent, and project L costs $140,000 and has an IRR equal 10 percent. OF TCs capital structure consists of 20 percent debt and 80 percent common equity, and its component costs of capital are r(dT)= 4%, r(s)= 10%, and r(e)= 12.5%. Of OTC expects to generate $230,000 in retained earnings this year, which project(s) should be purchased?