26 Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows. a A project's NPV is generally found by compounding the cash inflows at the WACC to find the terminal value - (TV), then discounting the TV at the IRR to find its PV. b The higher the WACC used to calculate the NPV, the lower the calculated NPV will be If a project's NPV is greater than zero, then its IRR must be less than the WACC. d If a project's NPV is greater than zero, then its IRR must be less than zero. e The NPVs of relatively risky projects should be found using relatively low WACCS