In the Royal Mail cost of capital case, which of the following is NOT a reason why evaluation of Royal Mail's cost of capital became an important point of discussion?

Group of answer choices

Because of its transition from a government$-$owned company to a for$-$profit private company, Royal Mail needed an investor$-$orientated cost of capital as benchmark for its investment policy.

In evaluating existing regulatory policies, the Office of Communications $($Ofcom$)$ needed a cost of capital as an appropriate benchmark to assess Royal Mail's profitability under the existing regulatory policies.

Evaluation of Royal Mail's cost of capital is crucial in facilitating government$-$based decision making, rather than market$-$based decision making.