Project S costs $19,000 and its expected cash flows would be $6,000 per year for 5 years. Mutually exclusive Project L costs $38,500 and its expected cash flows would be $14,700 per year for 5 years. If both projects have a WACC of 16%, which project would you recommend? Select the correct answer. a. Project S, since the NPVS > NPVL. b. Project L, since the NPVL > NPVS. c. Both Projects S and L, since both projects have IRR's > 0. d. Both Projects S and L, since both projects have NPV's > 0. e. Neither Project S nor L, since each project's NPV < 0.