If projects are mutually exclusive, only one project can be chosen. The internal rate of return (IRR) and the net present value (NPV) methods wil not always choose the same project. If the crossover rate on the NPV profile is below the horizontal axis, the methods will always sometimes never always agree Projects Y and Z are mutually exclusive p flows and NPV profiles are shown as follows NPV (Dollars Year Project Y Project Z 800 0 $1,500 -$1,500 $900 $600 $300 $200 $200 $400 $600 $1,000 600 Project Y 400 4 Project Z 200 If the weighted average cost of capital (WACC) for each project is 14%, do the NPV and IRR methods agree or conflict? 200 O The methods conflict. O The methods agree 0 2 4 68 10 12 14 16 18 20 COST OF CAPITAL (Percent)