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Holding everything else constant and assuming normal cash flows, what happens to the NPV of a project as the Weighted Average Cost of Capital (WACC)

Holding everything else constant and assuming normal cash flows, what happens to the NPV of a project as the Weighted Average Cost of Capital (WACC) increases?

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The NPV will increase.

The NPV will decrease.

The NPV will stay the same.

There is not enough information to determine what will happen to the NPV.

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