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The composite WACC reflects the risk of an average project undertaken by the firm. Different projects have different risks. A projects discount rate should be

The composite WACC reflects the risk of an average project undertaken by the firm. Different projects have different risks. A projects discount rate should be
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The same as the composite WACC of the firm W Adjusted upward if its risk is higher than the average project of the firm 10. Adjusted downward if its risk is higher than the average project of the firm 0 None of the above

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