Which of the following statements is (are) most likely FALSE: I. If Total Assets = Shareholders Equity, then FCFF = FCFE

II. If Total Assets = Shareholders Equity, then WACC = Cost of Equity

III. If Total Assets > Shareholders Equity, then WACC > Cost of Equity a) I

b) II

c) III

d) I, II

e) I, II, III