Which of the following statements is correct? Assume that the project being considered has normal cash flows, with one outflow followed by a series of inflows. wa The lower the WACC used to calculate it, the lower the calculated NPV will be vmb. If a project's NPV is less than zero, then its IRR must be less than the WACCA If a project's NPV is greater than zero, then its IRR must be less than zero. Wed. The NPV of a relatively low risk project should be found using a relatively high WACC