Question: 21 What decision should be made on a project with below-average market risk? Accept if the cash flows discounted at the WACC have a positive

What decision should be made on a project with below-average market risk? Accept if the cash flows discounted at the WACC have a positive NPV. Discount the cash flows at the IRR and accept if NPV is positive Accept if the IRR is greater than the WACC. Use a lower discount rate than the WACC to reflect the project's risk and accept if NPV is positive at this lower discount rate

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