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.

Group of answer choices

A) If a project's IRR is positive, then its NPV must also be positive.

B) A project's IRR is the discount rate that causes the PV of the inflows to equal the project's cost.

C) If a project's IRR is smaller than the WACC, then its NPV will be positive.

D) A project's regular IRR is found by compounding the cash inflows at the WACC to find the present value (PV), then discounting the TV to find the IRR.