Multinationals operate in many countries and often generate cash flows in multiple currencies. In computing the risk free rate to use in coming up with the hurdle rate for a multinational, which of the following would you use: Select one:

a. A simple average of the risk free rates in all of the currencies in which the company generates cash flows

b. None of the above

c. A weighted average of the risk free rates in all of the currencies in which the company generates cash flows

d. The highest of the risk free rates in all of the currencies in which the company generates cash flows

e. The lowest of the risk free rates in all of the currencies in which the company generates cash flows