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Please rate the following statement as TRUE or FALSE: The cost-of-equity of a company, which can be estimated via the CAPM, is the correct discount

Please rate the following statement as "TRUE" or "FALSE":

"The cost-of-equity of a company, which can be estimated via the CAPM, is the correct discount rate, r, to apply and discount the entire firm's cash flows at within a discounted cash flow (DCF) model."

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