Question 5 (1 point)

Westchester Corp. is considering two equally risky, mutually exclusive projects, both of which have normal cash flows. Project A has an IRR of 11%, while Project Bs IRR is 14%. When the WACC is 8%, the projects have the same NPV. Given this information, which of the following statements is correct?

Question 5 options:

	If the WACC is 6%, Project Bs NPV will be higher than Project As.
	If the WACC is 13%, Project As NPV will be higher than Project Bs.
	If the WACC is 9%, Project As NPV will be higher than Project Bs.
	If the WACC is 9%, Project Bs NPV will be higher than Project As.