Project S has a cost of $1,000 and is expected to produce benefits (cash flows) of $1, 500 per year for 5 years. Project L costs $3,000 and is expected to produce cash flows of $2,000 per year for 5 years. Assume a cost of capital of 8.00%. a) Calculate the NPV for Project S. b) Calculate the NPV for Project L. c) Which project would be selected, assuming they are mutually exclusive? a)$3, 991; b)$3, 988; c)Project S a)$4, 989; b)$4, 985; c)Project S a)$4, 989; b)$4, 985; c)Project L a)$5, 987; b)$5, 983; c)Project L