Question: 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
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. a. the weighted average cost of capital (WACC) b. a risk-adjusted cost of capital c. the cost of new capital
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