Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows (meaning one initial outflow followed by a series of inflows). o If a project's NPV is less than zero, then its IRR must be less than the WACC. The NPV of a relatively low-risk project should be found using a relatively high WACC. O A project's NPV is found by compounding the cash inflows at the IRR to find the terminal value (TV), then discounting the TV at the WACC. The lower the WACC used to calculate it, the lower the calculated NPV will be. If a project's NPV is greater than zero, then its IRR must be less than zero. When considering two mutually exclusive projects, the firm should always select the project whose internal rate of return is the highest. This statement is true regardless of the NPV's of the projects. True or False? True False