JKL Corporation and MNO Corporation are both bidding for an existing food processing plant located in Shreveport, Louisiana.Both firms are highly profitable and have similar debt ratios and costs of debt, but MNO currently operates in a much more volatile industry than JKL.As JKL and MNO separately prepare their valuations for the plant, what difference would you expect to see in the appropriate WACC each firm will use?(Assume both firms have the same access to correct information, and that both make equally accurate calculations.)