Belco Company has a weighted average cost of capital of 12%. It recently has only been able to invest in projects that yield a return of 8-12%, which of the following statements is most likely correct?

a. The firms WACC is not a relevant factor in making capital investment decisions.

b. The firm is creating/adding value for its shareholders.

c. The firms stock price will go up.

d. The firms stock price will eventually go down.