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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