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Which of the following otatements is FALSE? a. After a firm finds a positive NPV project using the WACC method, one way to keep the

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Which of the following otatements is FALSE? a. After a firm finds a positive NPV project using the WACC method, one way to keep the debt equity ratio constant is by borrowing more debts. b. The WACC method can be used to evaluate a new project if the new project has a similar level of risk compared to the rest of the firm. c. In the WACC method, we value a project based on its free cash flow, which is computed by ignoring interest and debt payments d. Firms with lower tax rates always have higher WACC

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