With respect to capital project analysis, which of the following statements is accurate?

A$.$ The subjective approach assigns a discount rate to each project based on other companies in the same category as the project.

B$.$ Overall, a company makes better decisions when it uses the subjective approach than when it uses its WACC as the discount rate for all projects.

C$.$ Companies will correctly accept or reject every project if they adopt the subjective approach.

D$.$ Mandatory projects should only be accepted if they produce a positive NPV when the overall company WACC is used as the discount rate.

E$.$ The pure play approach should only be used with low$-$risk projects.