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

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