Click here to read the eBook: Net Present Value (NPV) CAPITAL BUDGETING CRITERIA: MUTUALLY EXCLUSIVE PROJECTS A firm with a WACC of 10% is

a firm with a WACC of 10% . is considering the following mutually exclusive projects:

Click here to read the eBook: Net Present Value (NPV)CAPITAL BUDGETING CRITERIA: MUTUALLY EXCLUSIVE PROJECTSA firm with a WACC of 10% is considering the following mutually exclusive projects:ON34Project 1-$250$40$40$40$235$235Project 2-$500$300$300$80$80$80Which project would you recommend?Select the correct answer.Oa. Project 2, since the NPV2 > NPV1.Ob. Neither Project 1 nor 2, since each project's NPV < 0.Oc. Project 1, since the NPV1 > NPV2.Od. Both Projects 1 and 2, since both projects have NPV's > 0.Oe. Both Projects 1 and 2, since both projects have IRR's > 0.