Based on the comparison of the APV, FTE, and WACC approaches, which of the following statements is NOT correct?

	A.	All three approaches attempt the same task: valuation in the presence of debt financing.
	B.	The WACC or APV is a reasonable choice for a highly levered firm.
	C.	Use WACC or FTE if the firms target debt-to-value ratio applies to the project over the life of the project.
	D.	The WACC is, by far, the most widely used in real approach.
	E.	Use the APV if the projects level of debt is known over the life of the project.