How does the valuation of a firm vary from the valuation of a project using WACC?

Select one:

a. The WACC must be set equal to R_M when valuing a firm

b. A terminal value is included in the valuation process for a firm but generally not for a project

c. Book values are used as the weights for WACC when valuing a firm

d. Debt and equity weights are set equal for WACC when valuing a firm

e. Debt is not adjusted for taxes when computing the WACC for a firm valuation