Projects S and L are equally riskymutually exclusiveand nave normal cash flows. Project S has an IRR of $15\%,$ while Project L$\text{'}$s IRR is $12\%.$ The two projects have the same NPV when the WACC is $7\%$ Which of the following statements is CORRECT?

If the WACC $6\%$ Project S will have the higher NPVtherefore you will accept Project S

Off the WACC is $13\%$ Project $5$ will tuve the lower NPV; therefore you will accept Project L

Of the WACC is $10\%,$ both projects will have a native NPV$,$ therefore neittime will be accepted.

If the WACC $10\%$ both projects will have positive NPVs therefore both of the projects will be accepted

Of the WACC Project $5$ will have the higher NPV$,$ therefore you will acceot Project