the main disadvantage of the NPV method is the need for detailed, long-term forecasts of free cash flows generated by prospective projects

The WACC is the maximum return required by investors on the firm's assets in order to make an investment in the firm

To evaluate a new investment, we need two main pieces of information with regards to cash flows, the project's initial outlay and its future expected cash flows

Two consideration that cause a corporation's cost of captial to be different than its investor's required return are?