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If risk associated with a projects future CFs declines, this decline in risk can be reflected by a __________ discount rate to be used in

If risk associated with a projects future CFs declines, this decline in risk can be reflected by a __________ discount rate to be used in the NPV analysis of the project.

A.

Unknown

B.

Larger

C.

Same

D.

Smaller

E.

Clever

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