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.

	a.	To find a project's IRR, we must solve for the discount rate that causes the PV of the inflows to equal the PV of the project's costs.
	b.	A project's regular IRR is found by discounting the cash inflows at the cost of capital to find the present value (PV), then compounding this PV to find the IRR.
	c.	To find a project's IRR, we must find a discount rate that is equal to the cost of capital.
	d.	If a project's IRR is greater than the WACC, then its NPV must be negative.
	e.	A project's regular IRR is found by compounding the cash inflows at the cost of capital to find the terminal value (TV), then discounting this TV at the cost of capital.