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Which of the following statements is CORRECT? Assume that the project being considered has normal...

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Finance

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Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows. If project A has a higher IRR than project B, then project A must have the lower NPV. If a project's IRR is positive, then its NPV must also be positive. If a project's IRR is greater than the WACC, then its NPV must be negative. If a project's IRR is smaller than the cost of capital, then its NPV be positive. To find a project's IRR, we must solve for the discount rate that causes the PV of the inflows to equal the PV of the project's costs

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