Question: Which statement about a projects IRR is correct? Assume that all projects being considered have normal cash flows and are equally risky. a. There is

Which statement about a projects IRR is correct? Assume that all projects being considered have normal cash flows and are equally risky. a. There is no necessary relationship between a projects IRR, its WACC, and its NPV. b. If a projects IRR is equal to its WACC, then, under all reasonable conditions, the projects NPV must be zero. c. If a projects IRR is equal to its WACC, then, under all reasonable conditions, the projects IRR must be negative. d. If a projects IRR is equal to its WACC, then, under all reasonable conditions, the projects NPV must be negative.

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