32 Rebecca Inc. now has the following two projects available: Project t=0 t=1 t=2 t=3 t=4 1 -35,000 6.500 7.700 12,000 15,500 2 -35,000 8,300 7,700 12,000 13,500 The IRRs for Project 1 and Project 2 are 6.36% and 6.51%, respectively. Project 1 and Project 2 are mutually exclusive and their cross-over rate is 3.57%, which of the following statement is correct? Select one: a. Always select project 2 because it has a higher IRR. b. When the discount rate is 3%, select project 1. O c. When the discount rate is 5%, select project 1. d. When the discount rate is 8%, select project 2 O e. Always select project 1 because it has a lower IRR