Project S requires an initial outlay at t=0 of $11,000, and its expected cash flows would be $4,500 per year for 5 years. Mutually exclusive Project L requires an initiat outtay at t=0 of $44,000, and its expected cash fiows would be $8,500 per year for 5 years. If both projects have a WACC of 13%, which project would you recommend? Select the correct answer: a Project 5 , because the NPVs> NPV b. Necher Project 5 nor L because each project's NPV 0. c. Both Projects 5 and t. because boch projects have NPV s>0. d. Both Projects S and L, because both projects have IRR's >0. e. Project L4 because the NPV > NPVs