Question 26 3 pts Which of the following statements is CORRECT? Retained earnings that were generated in the past and are reported on the firm's balance sheet are available to finance the firm's capital budget during the coming year. Cost of capital analysis should focus on marginal (new) costs. A change in a company's target capital structure cannot affect its WACC, o The WACC is calculated using before-tax costs for all components. The primary goal of a corporation is to maximize current earnings A firm should use its WACC as its hurdle rate when evaluating projects as all of a firm's projects will have similar levels of risk