Because the weighted average WACC= (1-L)Re + L(1-T)Rd is always a correct measure of a required return, why do firms not create securities to finance each project and offer them in the capital market in order to accurately determine the required return for the project?

Multiple choices are:

the cost would exceed the benefit

transaction costs would be excessive

there would be a significant asymmetric-information problem

it would be inconsistent with the firms debt rating

A and B

A and C

A and D

B and C

B and D

C and D

all but A

all but B

all but C

all but D

all are true