Which of the following statements is most CORRECT? If Project A has a longer payback than Project B, then it must have a higher NPV than Project B. One major advantage that sensitivity analysis has relative to scenario analysis is that it considers the likelihood that a certain event occurs. If a project has normal cash flows, its IRR will decline as the cost of capital (WACC) gets larger. If a project has a positive NPV, then its MIRR will be less than its IRR