Question 5 20 pts Which of the following statements is correct? A project has an internal rate of return of 12%. This means its net present value is negative if the required rate for this project is 10% A project's internal rate of return is independent of the firm's cost of capital A project's net present value exceeds its internal rate of return. This means the project should be accepted A project has a positive payback period. This means the project should be accepted When a project has a positive NPV. its IRR is less than the cost of capital Previous Question 1 20 pts There are two projects, Project D and Project L, that are mutually exclusive. Both projects have normal cash flows. Project D has a higher NPV than Project Lif the WACC is less than 10%, whereas Project L has a higher NPV if the WACC is higher than 10%. Based on this information, it must be the case that Project Dhas_ _ Project L. A higher IRR than The same IRR as Not enough information to decide A lower IRR than Next