Project L requires an initial outiay at t=0 of $75,000, its expected cash inflows are $13,000 per year for 9 years, and its WMCC is 14%. What is the project's Miaar Do not round intermediate calculations. Round your answer to two dedinal places. Project L requires an initial outiay at t=0 of $45,000, its expected cash inflows are $15,000 per year for 9 years, and its wacc is 14%. What is the project's NiF? Do not reund intermediate calculations. Round your arswer to the nearest cent 5 8. Problem 11.11 (Capltal Budgeting Criteria: Mutually Exclusive Projects) Project 5 requires an initial outlay at t=0 of $19,000, and its expected cach fows would be $7,000 per year for 5 years. Mutually exelusive Project L requires an initial outisy at t= 0 of $40,000, and its expected cash flows would be $8,600 per year for 5 years. If both projects have a wacC of 13%, which project would you recommend? Select the correct answer. 1. Both Projects S and L, since both projects have NPV's >0. 3. Project L; since the NPV > N NPV. A. Neither Project 5 nor L, since each project's NPV 0. 1. Project S,since the NPV5>NPVL