Question: When a firm develop a WACC for individual projects (that has different risk level than overall firm) by adjusting WACC up or down based on

When a firm develop a WACC for individual projects (that has different risk level than overall firm) by adjusting WACC up or down based on the risk level of the project, the firm is utilizing a _____ approach.

	a.	capital adjustment
	b.	relative cost of capital
	c.	subjective
	d.	pure play

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