Anderson Animations Corporation (AAC) has two divisions, Land H. Division L is the company's low-risk division and would have a weighted average cost of capital of 8% if it was operated as an independent company, Division H is the company's high-risk division and would have a weighted average cost of capital of 14% if it was operated as an independent company. Because the two divisions are the same size, the company has a composite weighted average cost of capital of 11%. Division L is considering a project with an expected return of 9.5% Should Anderson Animations Corporation (AAC) accept or reject the project? Accept the project Reject the project On what grounds do you base your accept-reject decision Division L's project should be accepted, because its return is less than the risk based cost of capital for the division Division L's project should be accepted, since its return is greater than the risk-based cost of capital for the division