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Failing to account for flotation costs when computing the cost of equity and therefore the WACC, will lead to a(n) bias in the WACC and

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Failing to account for flotation costs when computing the cost of equity and therefore the WACC, will lead to a(n) bias in the WACC and lead to a bias accepting projects. Select one: A. downward; in favor of B. downward; against C. upward; in favor of D. upward; against E. none of the above answer are correct

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