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Firm-wide vs. Project-Specific WACCs An all-equity firm is considering the projects shown below. The T-bill rate is 4 percent and the market risk premium is

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Firm-wide vs. Project-Specific WACCs An all-equity firm is considering the projects shown below. The T-bill rate is 4 percent and the market risk premium is 7 percent. If the firm uses its current WACC of 12 percent to evaluate these projects, which project(s), if any, will be incorrectly rejected? (LG6)

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