Over-the-Top Canopies (OTC) is evaluating two independent investments. Project S costs $145,000 and has an IRR equal to 14 percent, and Project L costs $135,000 and has an IRR equal to 13 percent. OTC's capital structure consists of 20 percent debt and 80 percent common equity, and its component costs of capital are rdT = 3%, rs = 11%, and re = 12.5%. If OTC expects to generate $210,000 in retained earnings this year, which project(s) should be purchased? Round your answers to one decimal place. Project WACC Acceptable? S % -Select- L % -Select- Thus, -Select- should be purchased