Question 39 (1 point) A firm is evaluating a project. The firm's cost of capital is 15%. The firm calculates the IRR of the project. Which of the following statements is correct? O 1) If the project's estimated cash flows increase, then the newly calculated IRR of the project will decrease. If the project's estimated cash flows increase, then the newly calculated IR O 2) of the project will increase. O 3) If the project's estimated cost of capital increases, then the newly calculated IRR of the project will decrease. If the project's estimated cost of capital increases, then the newly calculated 4) IRR of the project will increase. 5) I need to know the firm's current IRR to answer the