10 1125. 12 13 14 15 If a firm uses its WACC as the discount rate for all of the projects it undertakes then the firm will tend to: I. reject some positive net present value projects. II accept some negative net present value projects. favor low risk projects over high risk projects. IV. become riskier over time. A) I and III only B) III and IV only C) I and II only D) 1. 11, and IV only 1. 11. III, and IV 16