Question
Suppose a firm uses its company cost of capital to evaluate all of its projects. Will it underestimate or overestimate the NPV of new projects
Suppose a firm uses its company cost of capital to evaluate all of its projects. Will it underestimate or overestimate the NPV of new projects that are riskier than the firms average projects?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
