Question 5 5 pts Assume a project has normal cash flows (i.e., one initial cash outflow followed by a series of positive cash inflows). All else equal, which of the following statements is FALSE? A project's payback period increases as the WACC increases. A project's IRR remains constant as the WACC declines. A project's MIRR is affected by changes in both the WACC and the reinvestment rate. O A project's NPV increases as the WACC declines