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Cost of Capital as a concept for capital budgeting is important because it is: a. The average rate of return a company must pay to

Cost of Capital as a concept for capital budgeting is important because it is: a. The average rate of return a company must pay to banks or long-term creditors b. The average rate of return a company must pay to its shareholders for the use of their funds c. The minimum rate of interest that is acceptable by the company d. None of the above e. Only a and b above

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