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I do not understand how to explain WACC. If its low or is it high and how does it help to figure out the company.

I do not understand how to explain WACC. If its low or is it high and how does it help to figure out the company. I know it is a percentage of risk but can you explain to me how would you compare two companies wacca to each other. if one is lower than the other is it doing better? that is what i do not understand.

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