Which of the following statements is correct?

• A. When choosing between mutually exclusive projects, managers should accept all projects with internal rates of return greater than the weighted average cost of capital.
• B. If a projects NPV is negative, then its IRR must also be negative.
• C. A capital investments internal rate of return increases when the weighted average cost of capital increases.
• D. If a projects internal rate of return exceeds the cost of capital, then the projects net present value must be positive.
• E. All of the statements above are correct.