Question !1 Projects C and D are mutually exclusive and have normal cash flows . Project Chas a higher NPV if the WACC is less than 12% , whereas Project D has a higher NPV if the WACC exceeds 12% . Which of the following statements is CORRECT ? [ a. Project D has a higher IRR O b. Project D is probably larger in scale than Project C . C C . Project C probably has a faster payback [ d. Project Chas a higher IRR . e . a and c