Assume a Project Has Normal Cash Flows (I

Multiple Choice

Assume a project has normal cash flows (i.e., the initial cash flow is negative, and all other cash flows are positive) . Which of the following statements is most correct?

A) All else equal, a project's IRR increases as the cost of capital declines.
B) All else equal, a project's NPV increases as the cost of capital declines.
C) All else equal, a project's MIRR is unaffected by changes in the cost of capital.
D) Answers a and b are correct.
E) Answers b and c are correct.