Project X's IRR Is 19% and Project Y's IRR Is

Multiple Choice

Project X's IRR is 19% and Project Y's IRR is 17%.The projects have the same risk and the same lives,and each has constant cash flows during each year of their lives.If the WACC is 10%,Project Y has a higher NPV than X.Given this information,which of the following statements is CORRECT?

A) The crossover rate must be less than 10%.
B) The crossover rate must be greater than 10%.
C) If the WACC is 8%,Project X will have the higher NPV.
D) If the WACC is 18%,Project Y will have the higher NPV.
E) Project X is larger in the sense that it has the higher initial cost.