Project A has an internal rate of return (IRR) of 15 percent. Project B has an IRR of 14 percent. Both projects have a cost of capital of 12 percent. Which of the following statements is most correct?

Question 3 options:

	Both projects have a positive net present value (NPV).
	Project A must have a higher NPV than Project B.
	If the cost of capital were less than 12 percent, Project B would have a higher IRR than Project A.
	Statements a and c are correct.
	Statements a, b, and c are correct.