Question: Using a company's WACC to evaluate a project is: I) always correct; II) always incorrect; III) correct for projects that have average risk compared to

Using a company's WACC to evaluate a project is: I) always correct; II) always incorrect; III) correct for projects that have average risk compared to the firm's other assets

a.) II only

b.) I and III only

c.) III only

d.) I only

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