1 With respect to capital project analysis, which of the following statements is accurate? Multiple Choice The subjective approach assigns a discount rate to each project based on other companles in the same category as the project. Mandatory projects should only be accepted if they produce a positive NPV when the overall company WACC is used as the discount rate. Companles will correctly accept or reject every project if they adopt the subjectlve approach. The pure play approach should only be used with low-rlsk projects. Overall, a company makes better decisions when it uses the subjective approach than when it uses its WACC as the discount rate for all projects|