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A firm's Weighted Average Cost of Capital is the appropriate discount (hurdle) rate to be used for all of its projects given it captures the
A firm's Weighted Average Cost of Capital is the appropriate discount (hurdle) rate to be used for all of its projects given it captures the firm's cost of acquiring the funds needed to invest in the project.
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
978-1305108042
