Which statement below describes the relationship between the net present value and the internal rate of return calculations for a project? If the NPV is positive, then the IRR will exceed the company's cost of capital. To accept a project based on its IRR, the IRR will always be less than the cost of capital used in the NPV calculation. If the NPV is positive, then the IRR will be less than the company's cost of capital. There is no relationship between NPV and IRR