If mutually exclusive projects with normal cash flows are being analyzed, the net present value (NPV) and internal rate of return (IRR) methods agree. Projects W and X are mutually exclusive projects. Their cash flows and NPV profiles are shown as follows NPV (Dollars) Year Project W Project X $1,000 -$1,500 $350 $500 $600 $750 800 $200 $350 $400 $600 600 Project X 2 3 4 400 Project W 200 If the weighted average cost of capital (WACC) for each project is 10%, do the NPV and IRR methods agree or conflict? -200 O The methods agree. 0 246 8 10 12 14 16 18 20 COST OF CAPITAL (Percent) The methods conflict