Project S requires an initial outlay at t=0 of $20,000, and its expected cash flows would be $7,000 per year for 5 years. Mutually exclusive Project L requires an initial outlay at t=0 of $46,500, and its expected cash flows would be $10,950 per year for 5 years. If both projects have a wacc of 195% which project would you recommend? Select the correct answer. a. Neither Project 5 nor L. since each project's NPV 0. b. Both Projects S and L, since both projects have NPYs >0 c. ProjectL since the NFY > NPVs a. Projects, since the NPVs > NPPV e. Both Projects 5 and Ls since both propects have IRRS >0