Which of the following statements is FALSE? The effective after-tax interest rate is used as the cost of debt when computing a project's WACC in the WACC method The pretax WACC is used to value a project's free cash flows in the APV method and the interest tax shields are valued separately in the APV method The incremental payouts to equity holders associated with a project are used for valuation in the FTE method The cash flows to equity holders in the FTE method are discounted using the firm's WACC to find the value of a project None of the above is false