The NPV formula for risky projects evaluates using the A. riskless discount rate; expected incremental cashflows. B. certain cashflows; risk-free discount rate. C. expected incremental cashflows; risk-free discount rate. D. expected incremental cashflows; risky discount rate. In terms of the decision of what to do with extra cash, the firm's managers should undertake projects only if: A. the firm never pays a dividend. B. the expected return on the project is greater than that of an asset of similar risk. C. the expected return on the project is less than that of an asset of similar risk. D. the expected return on the project is equal to that of an asset of similar risk. The WACC is used to the expected cash flows when the firm has A. discount; debt and equity in the capital structure. B. capitalize; short term financing on the balance sheet. C. increase; debt and equity in the capital structure. D. decrease; short term financing on the balance sheet