Discounting the Unlevered After Tax Cash Flows by the _____

Discounting the unlevered after tax cash flows by the _____ minus the ______ yields the ________.

A) cost of capital for the unlevered firm; initial investment; adjusted present value
B) cost of equity capital; initial investment; project NPV
C) weighted cost of capital; fractional equity investment; project NPV
D) cost of capital for the unlevered firm; initial investment; all-equity net present value
E) None of these.