Projects X and Y are equally risky, mutually exclusive, and have normal cash flows. Project X has an IRR of 152%, while Project Y's IRR is 8%. The two projects have the same NPV when the WACC is 4%. Which of the following statements is CORRECT? a. If the WACC is 3% Project Y will have the higher NPV; therefore you will accept project Y b. If the WACC is 10% project Y will have the lower NPV; therefore you will accept project X c. If the WACC is 7%, both projects will have a negative NPV; therefore neither will be accepted d. If the WACC is 6%, both projects will have positive NPV's; therefore both of the projects will be accepted. e. If the WACC is 5%, project Y will have the higher NPV; therefore you will accept project Y