You are evaluating two projects for your company: Apollo and Sputnik. Both projects have normal cash flows, and both are equally risky, therefore both are evaluated with the same WACC, 10%. Project Apollo however has a higher IRR than project Sputnik. Which of the following statements is correct? options: a) If the WACC falls, then each projects IRR will increase, though not necessarily at the same rate. b) If Apollo has a positive NPV, then Project Sputnik must also have a positive, but smaller NPV. c) If Apollo has a higher IRR than it must have a higher NPV than Sputnik. d) If Projects Apollo and Sputnik have the same NPV at the current WACC, 10%, then Project Sputnik, would have a higher NPV than Project Apollo if the WACC used to evaluate the projects declined.