Projects S and L are equally risky, mutually exclusive, and have normal cash flows. Both projects also have the same expected lives and identical initial cash outflows. The NPV profiles for each project is shown below. Which of the following statements is CORRECT?

Group of answer choices

Project Ss NPV is more sensitive to changes in WACC than Project L's.

If the WACC is 6%, Project S will have the higher NPV.

If the WACC is 13%, Project S will have the lower NPV.

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