Year 0	Year 1	Year 2	Year 3	Year 4
Cashflow for S	-100	40	50	30	30
Cashflow for L	-100	10	10	50	90

WACC	NPV(S)	NPV(L)
5%
10%
15%
20%
25%

Which of the following statements is correct? (Hint: complete the NPV profile)

a. The crossover rate should be larger that 20%

b. The crossover rate should be smaller that 5%

c. The crossover rate should be between 5% and 10%

d. If the WACC is smaller than the crossover rate, you will choose project S using the NPV method

e. If the WACC is larger than the crossover rate, a conflict arises between the NPV and the IRR methods