At time of purchase, a property investment is funded 60% through interest-only debt and 40% through equity. Over time, as the value of property falls, which of the following can be appropriate to describe the impact upon property WACC ? Select one: O a. Ke rises, Kd is unchanged and WACC increases O b. Ke is unchanged, Kd falls and WACC falls Oc. Ke Ko and WACC remain unchanged O d. Ke falls, ko rises and WACC is unchanged O e. Ke falls, Kd is unchanged and WACC falls Next page Previous page