McCall Manufacturing has a WACC of 8%. The firm is considering two normal, equally risky, mutually exclusive, but not repeatable projects. The two projects have the same investment costs, but Project A has an IRR of 14%, while Project B has an IRR of 16%. Assuming the projects' NPV profiles cross in the upper right quadrant, which of the following statements is CORRECT? a. Each project must have a negative NPV. Since the projects are mutually exclusive, the firm should always select Project B. If the crossover rate is 11%, Project A will have the higher NPV. Oc. d. Only one project has a positive NPV. If the crossover rate is 11%, Project B will have the higher NPV