3 Rebecca Inc now has the following two projects available Project - -1 2 -4 35.000 6.500 7.700 12.000 15.500 2 35.000 8300 7.700 12.000 13,500 The IRRs for Project 1 and Project 2 are 6, 36% and 6.51% respectively, I Project 1 and Project 2 are mutually xclusive and their cross-over rate is 3.57%, which of the following statement is correct oct one o Whan the discount rate is 8% select project 2 When the discount rato is 3%, solact project 1 Always sofoct project 2 bocsuto i has a higher IRR Always coloct project 1 because it has a lower IRR When the discount rate is 5%, select project 1