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In your role as a financial analyst, you've been tasked with evaluating your company's investment projects. If you believe that a specific investment project exhibits

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In your role as a financial analyst, you've been tasked with evaluating your company's investment projects. If you believe that a specific investment project exhibits lower risk than the average risk of the firm's other projects, then you would want to use a discount rate that is lower than the firm's average cost of capital when computing the project's net present value (NPV)

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