Which of the Following Statements Is CORRECT

question 83

Multiple Choice

Which of the following statements is CORRECT?

• A) If Project A's IRR exceeds Project B's, then A must have the higher NPV.
• B) A project's MIRR can never exceed its IRR.
• C) If a project with normal cash flows has an IRR less than the WACC, the project must have a positive NPV.
• D) If the NPV is negative, the IRR must also be negative.
• E) If a project with normal cash flows has an IRR greater than the WACC, the project must also have a positive NPV.