A company that repeatedly uses the average WACC to make investment decisions when faced with projects of varying risk will, over the long run, O not experience any change in its risk become less risky O experience unpredictable changes in its risk O lower its average WACC O become more risky A company is considering 3 projects: a low risk project A, an average risk project B, and a high risk project C. The company has an average WACC of 11%, applies a 2% discount to its low risk projects, and a 2% premium to its high risk projects. The company should accept O Project A which has an expected return of 10% O All of the projects Project B which has an expected return of 10% None of the projects Project C which has an expected return of 12%