Question 18 (5 points) Farmer Co. is considering two projects S and L., whose cash flows are shown below. These two projects are matually exclusive and equally risky Which of the following statement is correct" A. Both projects should be invested because both projects have positive NPV. B. Project I should be invested because it has a larger NPV. C. Project S should be invested because it has a shorter payback period D. Project L should be invested because it has a shorter discounted payback period. E. None of the above is correct. WACC: 10.25% 3 Year CFs $500 $800 $400 CFL $800 $800 $1,000 0 $950 -$2,100