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b) Discuss the necessary conditions that should exist for the company to successfully use WACC in appraising its projects [6 marks] c) Explain three (3)

b) Discuss the necessary conditions that should exist for the company to successfully use WACC in appraising its projects [6 marks] c) Explain three (3) advantages of using long-term borrowing as a source of funding for a business [6 marks]

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