11. A business is evaluating a project that is more risky than its core business. The appropriate...

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11. A business is evaluating a project that is more risky than its core business. The appropriate discount rate should be?

& Lower than the normal cost of capital

& Higher than the normal cost of capital

& The normal cost of capital

& The rate of interest paid on its overdraft

& The rate of interest earned on cash deposited in a bank

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