Question: projects a and b are mutually exclusive and have?
Answer: Projects A and B are mutually exclusive and have normal cash flows. Project A has an IRR of 15% and B's IRR is 20%. The company's WACC is 12%, and at that rate Project A has the higher NPV. ... E) Since B has the higher IRR, then it must also have the higher NPV if the crossover rate is less than the WACC of 12%.