Which of the Following Statements Is Correct? Assume That the Project

Multiple Choice

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.

A) If Project A has a higher IRR than Project B, then Project A must have the lower NPV.
B) If Project A has a higher IRR than Project B, then Project A must also have a higher NPV.
C) The IRR calculation implicitly assumes that all cash flows are reinvested at the WACC.
D) If a project has normal cash flows and its IRR exceeds its WACC, then the project's NPV must be positive.