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 cost of capital is 7%, which of the following statements is CORRECT? a. Project S's NPV is more sensitive to changes in cost of capital than Project L's. b. If the cost of capital is 6%, Project S will have the higher NPV. c. If the cost of capital is 10%, both projects will have positive NPVs. d. If the cost of capital is 10%, both projects will have a negative NPV. e. If the cost or capital is 13%, Project S will have the lower NPV