Question: 13. The problem with using _____ when trying to adjust for projects that are riskier or less risky than a firm's average project is that

13. The problem with using _____ when trying to adjust for projects that are riskier or less risky than a firm's average project is that these adjustments are somewhat arbitrary.

the weighted average cost of capital (WACC)

a risk-adjusted cost of capital the

cost of new capital

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