Consider projects S and L. Both have normal cash flows, and the projects have the same risk, hence both are evaluated with the same cost of capital, 10%. However, S has a higher IRR than L. Which of the following statements is CORRECT? O a. If Project S has a positive NPV, Project L must also have a positive NPV. b. If Projects S and L have the same NPV at the current cost of capital, 10%, then Project L, the one with the lower IRR, would have a higher NPV if the cost of capital used to evaluate the projects declined. O c. Project S must have a higher NPV than Project L. d. If the cost of capital increases, each project's IRR will decrease. Oe. If the cost of capital falls, each project's IRR will increase