Identify the one false statement about the international CAPM $($lnCAPM$)$:

a$.$ lnCAPM is used to derive an expected cost of capital.

b$.$ If the terms which measure the exposure to foreign currencies are

omitted from the lnCAPM$,$ it becomes the standard CAPM $.$

c $.$ lnCAPM should be used for valuing domestic investments if the home

country is part of an integrated and larger financial market.

d$.$ lnCAPM should not be used for valuing domestic investments if the

home country is totally isolated $.$

e$.$ There is support for the lnCAPM in empirical research $.$