13.

14.

Production facilities that are flexible, in terms of the potential to use different combinations of raw material inputs, are most valuable when Select one: O a. the product's demand is highly volatile. O b. raw material prices are highly volatile. O c. raw material prices are stable. Od the product's price is highly volatile. Which of the following projects can use the company cost of capital as an appropriate discount rate? Select one O a Company's low-risk projects. ob. Company's risk-free projects. Oc Company's high-risk projects. Od Company's average-risk projects