Which of the Following Statements Is CORRECT

Multiple Choice

Which of the following statements is CORRECT?

A) If Project A's IRR exceeds Project B's, then A must have the higher NPV.
B) A project's MIRR can never exceed its IRR.
C) If a project with normal cash flows has an IRR less than the cost of capital, the project must have a positive NPV.
D) If the NPV is negative, the IRR must also be negative.
E) If a project with normal cash flows has an IRR greater than the cost of capital, the project must also have a positive NPV.