The 34 nations that belong to the OECD, who believe in market-allocation economic systems and pluralistic democracy, are also addressed as "economic think tank" or the "rich man's club."

Which of the following statements is FALSE?

A) With no debt, the WACC is equal to the unlevered equity cost of capital. B) With perfect capital markets, a firm's WACC is dependent on its capital structure and is equal to its equity cost of capital only if the firm is unlevered. C) As the firm borrows at the low cost of capital for debt, its equity cost of capital rises, but the net effect is that the firm's WACC is unchanged. D) As debt has a lower cost of capital than equity, higher leverage lowers a firm's WACC.

The BPEL service engine needs a roadmap which is a set of visual diagrams based on the Unified Modeling Language and/or Business Process Modeling Notation

Indicate whether the statement is true or false.