8. When the management of the firm evaluates the risk of a proposed project and adjusts the firm's WACC based on that evaluation to ascertain the required retur for the project, they are using the approach: a) Subjective b) Pure play c) Insider d) Normative 9. If you invest S5000 now, and your investment pays 12% per annum, how much will you have in three years if compounded quarterly? a) $7128.80 b) $7218.80 c) S7812.80 d) $7182.80 10. Suppose your company has an equity beta of 0.58 and the current risk-free rate is 6.1%. If the expected market risk premium is 8.6%, what is your cost of equity capital? a) 13.11% b) 10.11% c) 12.32% d) 11.09%