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Phill: Balance Sheet is the best source for estimating WACC Will: WACC must be recalculated each and every time a new project is funded Bill:

Phill: Balance Sheet is the best source for estimating WACC

Will: WACC must be recalculated each and every time a new project is funded

Bill: Once estimated, WACC may be used repeatedly for some time

Hill: For consistency, firms should use the same WACC for all of its projects

Four opinions on WACC. Who should we trust?

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Phil

Will

Bill

Hill

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