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? Question 10 options:

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.