Which of the following statements is FALSE?

		A WACC is found by taking the weighted-average of the cost of debt capital and the cost of equity capital.
		The WACC will always be higher than the cost of equity capital since it may involve debt which is riskier than equity.
		The WACC will be higher when the company has a greater systematic risk.
		Using market values rather than book values is preferable when computing a weighted-average cost of capital (WACC).