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 (required rate of return) is 12%, and at that rate Project A has the higher NPV. Which of the following statements is correct? 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%. The crossover rate for the two projects must be 12%. The crossover rate for the two projects must be greater than 12%. Assuming the two projects have the same scale, Project A probably has a faster payback than Project B. Assuming the timing pattern of the two projects' cash flows is the same, Project B probably has a higher cost (and larger scale)