The Commodore Co. is trying to decide between the following two mutually exclusive projects: Year 0 Cash Flows Project $18,000 $8,500 $9,000 $9,500 Project 11 $18,000 $9.000 $8.4001 $9,400 2 The only requirement the company has is that any project that is accepted must produce a minimum rate of return of 11%. What should the company do and why? Multiple Choice Both projects should be accepted because they have IRRs of 22.87% and 28.45%, which exceed the 11% requirement. Both projects should be accepted because they both have positive NPVs. Both projects should be accepted because their payback periods are only about 2 years. Project I should be accepted because it has an IRR of 28.45%, which is greater than Project l's IRR. Project I should be accepted because it has an NPV of $3,908.58. Project Il cannot also be accepted