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A 5 year project with conventional cash flows has a positive NPV using the firms WACC. Given that fact, we also know that the projects

A 5 year project with conventional cash flows has a positive NPV using the firms WACC. Given that fact, we also know that the projects IRR is _______ the WACC and the projects payback period is _______ 5 years.

a. greater than; greater than

b. less than; greater than

c. less than; less than

d. greater than; less than

e. equal to; equal to

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