A Firm's WACC Can Be Correctly Used to Discount the Expected

A firm's WACC can be correctly used to discount the expected cash flows of a new project when that project will:

A) have the same level of risk as the firm's current operations.
B) be financed solely with new debt and internal equity.
C) be managed by the firm's current managers.
D) be financed based on the firm's current debt-equity ratio.
E) be financed solely with internal equity.