Assume a project has normal cash flows. All else equal, which of the following statements is CORRECT? NPV = Net Present Value, WACC = Weighted Average Cost of Capital, MIRR = Modified Internal Rate of Return

1)The projects NPV increases as the WACC declines

2)The projects MIRR is unaffected by changes in the WACC

3)The projects regular payback increases as the WACC declines

4)The projects discounted payback increases as the WACC declines