McCall Manufacturing has a WACC of 9%. 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 18%. Assuming the projects' NPV profiles cross in the upper right quadrant, which of the following statements is CORRECT?

Group of answer choices

Since the projects are mutually exclusive, the firm should always select Project B.

If the crossover rate is 8%, Project A will have the higher NPV.

If the crossover rate is 11%, Project A will have the higher NPV.

Each project must have a negative NPV.

Only one project has a positive NPV.