Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one outflow followed by a series a inflows. a. A project's IRR is the discount rate that causes the PV of the inflows to equal the project's cost. b. If a project's IRR is positive, then its NPV must also be positive. c. If a projects IRR is smaller than the WACC, then its NPV will be positive. d. A projects regular IRR is found by compounding the initial cost at the WACC to find the terminal value (TV) then discounting the TV at the WACC C.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