On a mutually exclusive basis, you are considering two projects with the same risk profile. Their IRRs are greater than the WACC. Which of the following statements is CORRECT? You can assume that both projects have traditional cash flows.

	a.	If the crossover rate is less than the cost of capital, then the IRR and the NPV criteria will give the same result in that one project will be the clear winner.
	b.	If the crossover rate is greater than the cost of capital, then the IRR and the NPV criteria will give the same result in that one project will be the clear winner.
	c.	For a conflict to exist between NPV and IRR, one project must have an increasing stream of cash flows over time while the other has a decreasing stream. If both sets of cash flows are increasing or decreasing, then it would be impossible for a conflict to exist, even if one project is larger than the other.
	d.	The initial investment of one of the projects must be greater than the cost of the other project for the NPV and IRR to conflict.
	e.	If the two projects' NPV profiles do not intersect, then there will not be a clear winner.