$$87\mathrm{.}50$

Question $18$

In NPV calculations, what does the discount rate represent?

The required return that reflects bot

cost of borrowing from the lender. risk.

$q,$

the time value of money and the project's

$x$ Open Book Not Nilowed

$5$ pts

$x$ notes trot allowed

$$ Handheld Calculate

$$ Headphones Not

$$ Hats Not Allow

X Mobile Phone

$$ from the project.

Recording session

St

Hide

The required