Masker Pharmaceuticals develops cancer research drugs and currently has re =14%,rd=8%,D/V=.5,E/V=.5 and a corporate tax rate of 25%. Why is the WACC for the company's new dirt track racing investment NOT necessarily equal to 10% ? The WACC calculation is wrong it should be 11% The current expected return for equity (re) does not reflect the risk of cancer research drugs Current WACC may not apply to investments in new industry The corporate tax rate is not applicable to dirt track racing