Dedubluman Corporation has two mutually exclusive projects and each have a cost of $30,000. The total, undiscounted cash flows from Project L are $50,000, while the undiscounted cash flows from Project S total $67,000. Their NPV profiles cross at a discount rate of 8 percent. Which of the following statements best describes this situation? Project S should be selected at any cost of capital, because it has a higher IRR. To determine if a ranking conflict will occur between the two projects the cost of capital is needed as well as an additional piece of information. The NPV and IRR methods will select the same project if the cost of capital is greater than 8 percent; for example, 18 percent. The NPV and IRR methods will select the same project if the cost of capital is less than 8 percent; for example, 6 percent