Suppose Acme Industries correctly estimates its WACC at a given point in time and then uses that same cost of capital to evaluate all projects of various risks for the next 10 years. ACME will most likely

a)become less risky over time, because it will tend to accept more low risk projects that high risk projects.

b)become more risky over time, because it will tend to accept more high risk projects that low risk projects.

c)continue at the same risk, because there is no reason to expect its risk position to change over time as a result of its use of a single cost of capital (WACC).

d) None of the above.