What are the likely effects of a policy in which a company fails to adjust for differences

Question:

What are the likely effects of a policy in which a company fails to adjust for differences in risk when estimating the for their various projects?
Cost Of Capital
Cost of capital refers to the opportunity cost of making a specific investment . Cost of capital (COC) is the rate of return that a firm must earn on its project investments to maintain its market value and attract funds. COC is the required rate of...