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A firm is considering a new project that requires a lot of upfront capital investment. It will need to issue new debt to finance it.

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A firm is considering a new project that requires a lot of upfront capital investment. It will need to issue new debt to finance it. Should the interest cost be a part of the project's cash flow projections? Select one: A. No. We separate the investment decision from the financing decision. B. Yes. Without the project, there would be no need to issue additional debt. C. That depends on the cost of capital used in discounting the project

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