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Projects S and L are equally risky, mutually exclusive, and have normal cash flows. Project S has an IRR of 15%, while Project Ls IRR

Projects S and L are equally risky, mutually exclusive, and have normal cash flows. Project S has an IRR of 15%, while Project Ls IRR is 12%. The two projects have the same NPV when the WACC is 7%. Which of the following statements is CORRECT?

a. if the Wacc is 13%, Projects S will have a higher NPV

b. If the Wacc is 10%, both projects will have positive NPVs

-please explain why

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