Projects S and L are equally risky, mutually exclusive, and have normal cash flows. Project S has an IRR of 15%, while Project L's IRR is 12%. The two projects have the same NPV when the WACC is 7%. Which of the following statement is correct? A) If the WACC is 13%, both projects will have positive NPVs B) If the WACC is 13%, Project S will have the higher NPV C) If the WACC is 13%, Project S will have the lower NPV D) If the WACC is 10%, both projects will have a negative NPV E) Project S's NPV is more sensitive to changes in WACC than Project L's