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a) What role does the weighted average cost of capital play when determining a project's cost of capital? (5 marks) b) Under what circumstances will
a) What role does the weighted average cost of capital play when determining a project's cost of capital? (5 marks) b) Under what circumstances will NPV and IRR give different results in capital budgeting decisions? Explain. (5 marks). c) Do you agree that a zero-risk portfolio can be created through diversification. Why or why not
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