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.

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