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In which of the following situations can WACC NOT be used as the discount rate? Multiple Choice ( one answer only ) Firm X ,

In which of the following situations can WACC NOT be used as the discount rate?
Multiple Choice (one answer only)
Firm X, a xylophone producer, wants to enter into the guitars industry.
Firm V, a producer of vending machines, is planning to expand its current manufacturing facilities for vending machines.
Firm Y, which produces yams and taros, would like to abandon yams and focuses on taros.
Firm W, a wind turbine manufacturer, is investigating the possibility of expansion into the production of wheels.
Firm Z, which manages zoos, would like to look into the option of leasing pandas from China.

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