Question: Geothermal s WACC is 1 1 . 7 % . Executive Fruit s WACC is 1 2 . 3 % . Now Executive Fruit is

Geothermals WACC is 11.7%. Executive Fruits WACC is 12.3%. Now Executive Fruit is considering an investment in geothermal power production.
Should it discount project cash flows at 12.3%?
What would be a better discount rate for this investment?
Note: Enter your answer as a percent rounded to 1 decimal place.

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