Your division is considering two projects with the following cash flows and a WACC of 9.00%. Year 0 1 Project Red -$200,000 $60,000 $78,000 $120,000 Project Blue $200,000 $100,000 $100,000 $50,000 a. Assuming the projects are independent, which one(s) would you recommend? b. If the projects are mutually exclusive, which would you recommend? a)Project Red; b)Project Blue a)Both; b)Project Blue a) Project Red; b)Both a. Assuming the projects are independent, which one(s) would you recommend? b. If the projects are mutually exclusive, which would you recommend? a)Project Red; b)Project Blue a)Both; b)Project Blue O a) Project Red; b)Both a)Both; b)Both a)Both; b)Project Red a)Project Blue; b)Both a) Project Blue; b)Project Red