Problem 11-10 Capital budgeting criteria: mutually exclusive projects A firm with a WACC of 10% is considering the following mutually exclusive projects: 1 23 4 5 $75 $50 $230 $50 $230 $50 Project 1 -$250 Project 2 -$400 $200 $200 Which project would you recommend? Select the correct answer. O I. Both Projects 1 and 2, since both projects have NPV'S > 0. O II. Project 2, since the NPV2 > NPV1. O III. Project 1, since the NPV1 > NPV2. O IV. Both Projects 1 and 2, since both projects have IRR's > 0. O V. Neither A or B, since each project's NPV