In what situations would it be appropriate to use a Multi-National Corporation's existing Weighted Average Cost of Capital (WACC) as the opportunity cost in the evaluation of an overseas project? In what types of situations is the use of the WACC not appropriate? Then describe in detail approaches to project evaluation that can be used to overcome difficulties in finding the appropriate opportunity cost for wholly owned overseas subsidiaries. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)