Which of the following statements is false? Select one: O a. From a theoretical standpoint, the capital weights used to calculate the WACC should be based on the market values of the different securities. However, if a firm's book value weights are close to its market value weights, book value weights can be used as proxies. o b. Generally, only long-term debt is included in the calculation of the WACC, because the WACC is used for capital budgeting purposes, which includes long-term assets, and those assets are financed with long-term capital. O c. The first break point a firm encounters in capital budgeting is for retained earnings, unless a firm has zero or negative net income. O d. The weighted average cost of capital will change whenever a break point occurs. O e. Answers a and b are both false. Clear my choice