9032 of 32 Which of the following statements regarding the WACC is/ are correct? i. Preferred equity has a tax shield as well as debt because both receive a fixed amount of interest. ii. Book values should be used to calculate the weight for each capital source. iii. Retained earnings are not included in the calculation of the WACC. Select one a. only ii is correct O b. none of them is correct O c. ii & ii are correct O d. i and ii are correct O e. only iii is correct Unsure