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That last part, that's typically how it's done in most scenarios. Only reason you'd unlever your subject company is if it's a part of the GPCs.
Generally speaking, take the equity betas of your selected GPCs, unlever them and use the select asset beta (typically the median) to build up your WACC.
I might need a little more context..
I have none this was a case study from school from 4 years ago
Unlever comps, pick unlevered beta, relever with subject company leverage and inputs
So opposite of what I said I guess? Lol maybe I got it backward