Project $ requires an initial outiay at t=0 of $16,000, and its expected cash flows would be $4,S00 per year for 5 years, Mutually exclusive Project L requires an recommend?: Select the correct answer: 1. Proied 2 since the NtM > NPVs b. Both Projects 5 and L since both projects hwe ifR >0. c. Both Projects 5 and L since both projects have NPV s>0. d. Nether Projedt 5 nor L since each projects NPV