Project s requires an initial outlay at t=0 of $17,000, and its expected cash flows would be $5,000 per year for 5 years. Mutually exclusive Project L requires an initial outlay at t=0 of $27,000, and its expected cash flows would be $10,800 per year for 5 years. If both projects have a WACC of 15%, which project would you recommend? Select the correct answer. a. Project S. because the NPV5 > NPVL b. Neither Project 5 nor L because each project's NPV 0. d. Project L, because the NPV >NLV5. e. Both Projects S and L, because both projects have IRR's >0