Assume that the economy is enjoying a strong boom and as aresult interest rates

Assume that the economy is enjoying a strong boom and as aresult interest rates and money costs generally are relativelyhigh. The WACC for two mutually exclusive projects that are beingconsidered is 12%. Project S has an IRR of 20% while Project LsIRR is 15%. The projects have the same NPV at the 12% current WACC.However you believe that the economy will soon fall into a mildrecession and money costs and thus your WACC will soon decline.You also think that the projects will not be funded until the WACChas decreased and their cash flows will not be affected by thechange in economic conditions. Under these conditions which of thefollowing statements is CORRECT?