Question 24 3 pts 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? (Recall the crossover rate is the discount rate at which the NPV profiles cross.] Assuming the two projects have the same scale. Project B probably has a faster payback than Project A. The crossover rate for the two projects must be 12% Assuming the timing pattern of the two projects' cash flows is the same, Project B probably has a higher cost and larger scale) The crossover rate for the two projects must be less than 12%. 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%