"Over-the-Top Canopies (OTC) is evaluating two independent investments. Project S costs $150,000 and has an IRR equal to 12 percent, and Project L costs $140,000 and has an IRR equal to 10 percent. OTCs capital structure consists of 20 percent debt and 80 percent common equi- ty, and its component costs of capital are rdT 5 4%, rs 5 10%, and re 5 12.5%. If OTC expects to generate $230,000 in retained earnings this year, which project(s) should be purchased?"