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Please critically comment on the following sentence : Weighted Average Cost of Capital (WACC) is too complicated and not useful for financial management as we

Please critically comment on the following sentence : "Weighted Average Cost of Capital (WACC) is too complicated and not useful for financial management as we should only calculate the cost of borrowing/debt since we do not have to pay our shareholders any dividends if we choose to." [10 marks]

Include advantage and disadvantage on this following sentence topic and discuss.

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