Which of the following statements is CORRECT?

Select one:

a. Other things equal, the discounted payback period of a project increases when the WACC decreases.

b. Other things equal, the NPV of a project increases when the WACC increases.

c. Other things equal, the IRR of a project increases when the WACC decreases.

d. Other things equal, the payback period of a project remains the same when the WACC increases.

e. Other things equal, the possibility to reject a project based on the IRR method decreases if the WACC increases. (wrong)

I know E is not the correct answer