Projects A and B are mutually exclusive and have normal cash flows. Project A has an IRR of 15% and B's IRR is 20%. The company's WACC is 12%, and at that rate Project A has the higher NPV. Which of the following statements is CORRECT? O a Since B has the higher IRR, then it must also have the higher NPV if the crossover rate is less than the WACC of 12%. O b. The crossover rate for the two projects must be 12% O c Assuming the two projects have the same scale, Project probably has a faster payback than Project A. Od. The crossover rate for the two projects must be less than 12% O e Assuming the ring pattern of the two projects' cash flows is the same, Project probably has a higher cost and larger scale)