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.

Answers:	a. If a projects IRR is positive, then its NPV must also be positive.
	b. The NPV of a relatively low-risk project should be found using a relatively high WACC.
	c. If a projects NPV is negative, then its IRR must equal the WACC.
	d. The lower the WACC used to calculate it, the higher the calculated NPV will be.
	e. If a projects IRR is less than WACC, then its NPV will be positive. EXPLAIN