Question: 1.) Why does Target use different hurdle rates for the store and the credit cards (9% and 4% respectively)? What process would you use to

1.) Why does Target use different hurdle rates for the store and the credit cards (9% and 4% respectively)? What process would you use to estimate these discount rates to see if they are reasonable?

2.) As a member of the CED, would you continue to approve CPRs if it meant that Target would need to fund their requests with external funds, either debt or equity?

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