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10. Company versus Project Discount Rates. Geothermal's WACC is 11.7%. Executive Fruit's WACC is 2.3%. Now Executive Fruit is considering an investment in geothermal power

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10. Company versus Project Discount Rates. Geothermal's WACC is 11.7%. Executive Fruit's WACC is 2.3\%. Now Executive Fruit is considering an investment in geothermal power production. ( LO/32) 1. Should it discount project cash flows at 12.3% ? 2. What would be a better discount rate for this investment

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