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 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

A projects 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

If a projects IRR is smaller than the WACC, then its NPV will be positive

A projects IRR is the discount rate that causes the PV of the inflows to equal the projects cost

If a projects IRR is positive, then its NPV must also be positive