Which of the following is NOT a step in the WACC valuation method? A. Compute...

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Finance

Which of the following is NOT a step in the WACC valuation method?

A. Compute the weighted average cost of capital.

B. Determine the free cash flow of the investment.

C. Compute the value of the investment, including the tax benefit of leverage, by discounting the free cash flow of the investment using the WACC.

D. Adjust the WACC for the firm's current debt/equity ratio.

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