Projects requires an initial outlay at t = 0 of $18,000, and its expected cash flows would be $6,000 per year for 5 youne Mutually exclusive Project requires an initial outlay at t = 0 of $31,000, and its expected cash flows would be $8,700 per year for 5 yours. If both projects have a WACC of 16% which project would you recommend? Select the correct answer O a Project L, since the NPVNPVS O b. Both Projects S and L. since both projects have NPV's > 0 OcNeither Project Snor L. since each project's NPV. O d. Both Projects and since both projects have RRS > 0. O Projects since the NPV > NPVL