5. XYZ & Co. is considering two equally risky, mutually exclusive projects, both of which have normal cash flows. Project A has an IRR of 1 1%, while Project B's IRR is 14%. When the WACC is 8%, the projects have the same NPV. Given this information, which of the following statements is correct? a. If the WACC is 9%, Project A's NPV will be higher than Project B's b. If the WACC is 6%, Project B's NPV will be higher than Project A's. C. If the WACC is greater than 14%, Project A's IRR will exceed Project B's. d. If the WACC is 9%, Project B's NPV will be higher than Project A's. e. If the WACC is 1 3%, Project A's NPV will be higher than Project B's. 6. Project MProj Expected NPV Standard deviation (oNPv) Project beta (vs. market) $20,000 $40,000 $50,000 $90,000 0.9 1.5 a. Which project has the highest level of market risk? Why? b. Which project has more stand-alone risk? Why