Assume a project has normal cash flows. Answer "true" or "false".

• A project's NPV increases as the WACC declines.
• A project's MIRR is unaffected by changes in the WACC.
• A project's regular payback increases as the WACC declines.
• A project's discounted payback increases as the WACC declines.
• A project's IRR increases as the WACC declines.