Project Xs IRR is 29% and Project Ys IRR is 20%. The projects have the same risk and the same lives, and each has constant cash flows during each year of their lives. If the WACC is 15%, Project X has a higher NPV than Project Y. Given this information, which of the following statements is CORRECT?

Group of answer choices

If the WACC is 18%, Project Y will have the higher NPV.

The crossover rate must be greater than 15%.

The crossover rate must be less than 15%.

If the WACC is 25%, Project Y will have the higher NPV.