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8. You are in a meeting discussing the possibility of buying a competitor's product. These are the facts: A. The company's cost of capital or

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8. You are in a meeting discussing the possibility of buying a competitor's product. These are the facts: A. The company's cost of capital or weighted average cost of capital =12% B. The company would like to recoup its original investment in 4 years or less. C. The NPV of the project only equals 1 penny. D. The forecasted internal return of the project equals 12.1% E. The forecasted payback period for the investment equals 5 years Argue for buying the product. Argue against buying the product

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