Question: Piaggio's annual report includes information about its debt and interest rates. One statement in its annual report reveals that Piaggio recently issued 10-year bonds with

Piaggio's annual report includes information about its debt and interest rates. One statement in its annual report reveals that Piaggio recently issued 10-year bonds with a market return of about 6.5%.
Required
Explain how Piaggio would use that 6.5% rate to evaluate its investments in capital projects.

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