Each of the following factors affects the weighted average cost of capital (WACC) equation. Which are factors that a firm cannot control? Check aN that apply. The general level of stock prices Tax rates The firm's dividend payout ratio The firm's capital budgeting decision rules The impact of cost of capital on managerial decisions Edinburgh Exports has two divisions, L and H. Division L is the company's low-risk division and would have a weighted average cost of capital of 12% if it was operated as an independent company. Division H is the company's high-risk division and would have a weighted average cost of capital of 18% if it was operated as an independent company. Because the two divisions are the same size, the company has a composite weighted average cost of capital of 15%. Division L is considering a project with an expected return of 13.5%. Edinburgh Exports should the Division L's project because its return is the risk-based cost of capital for the division