If Project A's IRR exceeds Project B's, then A must also have the higher NPV.. If the NPV is negative, the IRR must also be negative. If a project with normal cash flows has an IRR less than the WACC, the project must have a positive NPV. If a project with normal cash flows has an IRR greater than the WACC, the project must also have a positive NPV. Which method of evaluating capital projects is best for making the accept/reject decision for independent projects? Select one MIRR All three methods (NPV, IRR, and MIRR) ate equally good for evaluating independent projects because they will always reach the same accept/reject conclusion. NPV. IRR