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.

	a.	The lower the WACC used to calculate it, the higher the calculated NPV will be.
	b.	NPV of a relatively low-risk project should be found using a relatively high WACC
	c.	If a projects NPV is less than zero, then its IRR must be greater than the WACC
	d.	If a projects NPV is greater than zero, then its IRR must be less than WACC