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The subjective approach to project analysis:

Mutiple Cholce

eblook

is used only when a firm has an all$-$equity cepital structure.

uses the WACC of Firm X as the basis for the discount rate for a project under consider

assigns discount rates to projects based on the discretion of the senior managers of a fi

allows managers to randomly adjust the discount rate assigned to a project once the prof

applies a lower discount rate to projects that are financed totally with equily as compareo