Question 20 1 Point There are two projects L and S. NPV of L = 150 NPV of S = 120 What should the firm do? . Accept ONLY S if Franchises S and L are independent. Accept BOTH L and S if they are mutually exclusive. B Accept ONLY S because it has higher NPV Accept ONLY L because it has lower NPV D Accept ONLY S if Franchises S and L are mutually exclusive. Accept BOTH L and Sif they are independent. E Accept ONLY L if Franchises S and L are mutually exclusive. Accept BOTH L and S if they are independent. Question 21 * 1 Point 12.3 You own a portfolio equally invested in a risk-free asset and two stocks. One of the stocks has a beta of 2.17. Total portfolio is equally as risky as the market. What is the beta of the second stock? Only Enter the Final Answer in Decimals. Select one of the following: 0.83 1.01 1.5 2.19 2.2 Add your