The weighted average cost of capital (WACC)

	A.	All of these answers are correct.
	B.	is calculated as RA = [D/(D+E)]RD + [E/(D+E)]RE
	C.	allows us to elimate the two-step calculation process typically used in the APV approach and replaces it with a one-step process where the discount rate on the free cash flows is WACC rather than RA.
	D.	does NOT integrate the tax shield value directly into the discount rate used to value the free cash flows.