20. Which of the following statements is CORRECT?

a. A project's NPV profile must intersect the X-axis at the project's WACC.

b. When evaluating independent projects, the NPV and IRR methods often yield conflicting results regarding a project's acceptability.

c. The discounted payback method eliminates all of the problems associated with the payback method.

d. To find the MIRR, we discount the TV at the IRR.

e. The IRR method appeals to some managers because it gives an estimate of the rate of return on projects rather than a dollar amount, which the NPV method provides.