If a firm uses its WACC as the discount rate for all of the projects it undertakes, then the firm will tend to: 1. reject some positive NPV projects. II. accept some negative NPV projects. III. favor high risk projects over low risk projects. IV. increase its overall level of risk over time. O III and IV only O I, II, III, and IV O I, II, and IV only O I and III only O I, II, and III only

If a firm uses its WACC as the discount rate for all of the projects it undertakes, then the firm will tend to: I. reject some positive NPV projects. II. accept some negative NPV projects. III. favor high risk projects over low risk projects. IV. increase its overall level of risk over time. III and IV only I, II, III, and IV I, II, and IV only I and III only I, II, and III only