Question 1 Projects S and L both have the same initial cost and normal cash flows, and are mutually exclusive. They also have the same NPV when the discount rate is zero; however, Project S's expected future cash flows come in faster than those of L. Which of the following statements is TRUE? At any discount rate greater than zero, S will have a higher PI. At any discount rate greater than zero, L will have a higher NPV. At any discount rate greater than zero, L will have a higher IRR. At any discount rate greater than zero, S will have a positive NPV