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Question 19 (1 point) Which of the following is true with respect to capital budgeting for an average risk project? The cost of equity is
Question 19 (1 point) Which of the following is true with respect to capital budgeting for an average risk project? The cost of equity is used only if the company also has preferred stock and debt as well. The IRR is preferred discount rate for average and risky projects. The cost of debt is the appropriate discount rate to use. The appropriate discount rate to use is the WACC
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