S requires an initial outlay at t= 0 of $18,000, and its expected cash flows would be $4,500 per year for 5 years. Mutually exclusive Project L requires an initial outlay at t=0 of $28,500, and its expected cash flows would be $12,050 per year for 5 years. If both projects have a WACC of 15%, which project would you recommend? Select the correct answer. Ca. Both Projects S and L, because both projects have IRR's > 0. Ob. Project S, because the NPV,> NPVL. Oc. Both Projects S and L, because both projects have NPV's > 0. Od. Project L, because the NPVL > NPVS. Oe. Neither Project S nor L, because each project's NPV < 0.