In adjusting for risk, which of the following is - "TRUE" - about the risk adjusted discount rate and/or the certainly equivalent methods _____________
(a) The risk-adjusted discount rate allows for the use of varied costs of capital, enabling the large multi-divisional firm to incorporate differing levels of divisional risk into the capital budgeting process,
(b) The risk-adjusted discount rate allows for the separate adjustment for risk and time,
(c) The certainly equivalent method allows for the use of varied costs of capital, enabling the large multi-divisional firm to incorporate differing levels of divisional risk into the capital budgeting process, or
(d) The certainly equivalent method allows for the separate adjustment for risk and time