Assume a firm uses a constant WACC to select investment projects rather than adjusting the projects for risk. If so, the firm will tend to: A) reject profitable, low-risk projects and accept unprofitable, high-risk projects B accept profitable, low-risk projects and reject unprofitable, high-risk projects C) accept profitable, low-risk projects and accept unprofitable, high-risk projects E accept profitable, high-risk project and reject unprofitable, low risk projects None of the above