Which of the following statement is false?

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The beta of asset is the same as the beta of equity for firms that are financed entirely by debt.

The company cost of capital, when the firm has both debt and equity financing, is called the weighted average cost of capital.

If a firm uses the same company cost of capital for evaluating all projects, the firm will likely reject good low-risk projects.

Companies with high ratios of fixed costs to project values tend to have high betas.