1. Assume a project has conventional cash flows. All else equal, which of the following statements is CORRECT?

   	a.	The project's MIRR is unaffected by changes in the WACC.
   	b.	The project's NPV increases as the WACC declines.
   	c.	The project's IRR increases as the WACC declines.
   	d.	The project's discounted payback increases as the WACC declines.
   	e.	The project's regular payback increases as the WACC declines.