The Commodore Co. is trying to decide between the following two mutually exclusive projects: Year 10 Cash Flows Project 1 $18,000 $8,500 $9,000 $9,500 11 2 Project $18,000 $9,000 $8,400 $9,400 3 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 IRR of 22.87% and 28.45%, which exceed the 11% requirement. Both projects should be accepted because they both have positive NPVS. Project I should be accepted because it has an IRR of 28.45%, which is greater than Project I'S IRR Multiple Choice Both projects should be accepted because they have IRR of 22.87% and 28.45%, which exceed the 11% requirement. Both projects should be accepted because they both have positive NPVS. Project Il should be accepted because it has an IRR of 28.45%, which is greater than Project I's IRR. Project I should be accepted because it has an NPV of $3,908.58. Project I cannot also be accepted. Both projects should be accepted because their payback periods are only about 2 years