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.)	If Project A has a higher IRR than Project B, then Project A must also have a higher NPV
b.)	If a projects NPV is negative, then its IRR must equal zero.
c.)	If a projects IRR is larger than the WACC, then its NPV will be positive.
d.)	If a projects IRR is positive, then its NPV must also be positive.
e.)	A projects IRR is the discount rate that causes the PV of the positive cash inflows to equal zero.