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A multi-divisional company operating across different industries should use its company-wide weighted average cost of capital (WACC) as a benchmark rate of return for a

A multi-divisional company operating across different industries should use its company-wide weighted average cost of capital (WACC) as a benchmark rate of return for a new project.

Indicate whether this statement is TRUE or FALSE. Provide an explanation and/or a calculation to justify your answer.

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