This is a situation where you have mutually exclusive capital budgets to choose from. You look at an NPV profile knowing that the cost of capital is smaller than the cross-over point. In this area of the graph, You should never select any capital project when the cost of capital (WACC) is less than the cross over point. if you choose based on which project has the highest NPV, you will make an incorrect decision. You should choose the project with the highest IRR. if you choose based on which project has the highest IRR, you will make an incorrect decision. Instead you should choose the project with the highest NPV. In this situation you should not use the IRR nor the NPV to choose between capital budgeting projects