Which of the following best defines the term pure play approach?

Select one:

a$.$ The weighted average of the costs of debt and equity.

b$.$ Capital Asset Pricing Model $($CAPM$.$

c$.$ Use of a WACC that is unique to a particular project.

d$.$ Performance measure based on WACC.

e$.$ Base case net present value of a project's operating cash flows plus present value

of any financing benefits.