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Projects C and D are mutually exclusive and have normal cash flows. Project C has a higher NPV if the WACC is less than 12%,

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Projects C and D are mutually exclusive and have normal cash flows. Project C has a higher NPV if the WACC is less than 12%, whereas Project D has a higher NPV if the WACC exceeds 12%. Which of the following statements is CORRECT? a. The crossover rate between the two projects is above 12%. b. Project D has a higher IRR. c. Project C probably has a faster payback. d. Project C has a higher IRR. e. The crossover rate between the two projects is below 12%

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