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The weighted average cost of capital (WACC) is: a. the maximum return a project can earn. b. the minimum return that a capital project must

The weighted average cost of capital (WACC) is:

a. the maximum return a project can earn.

b. the minimum return that a capital project must earn to be accepted.

c. the return the firm had earned on a previous project.

d. the rate of return the equity holders expect to earn on their investments in a levered company

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