Which of the following statements is INCORRECT?

Select one:

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

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

c. Other things equal, the possibility to accept a project based on the IRR method increases if the WACC increases.

d. Other things equal, the IRR of a project remains the same when the WACC decreases.

e. Other things equal, the payback period of a project remains the same when the WACC decreases.