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True or False: Assume that a firm has a WACC of 15%. It is considering a project of typical risk that requires an investment of

True or False: Assume that a firm has a WACC of 15%. It is considering a project of typical risk that requires an investment of $1million today and generates annual profits of $250,000 for five years; the first flow beginning in exactly one year. Since this is a profitable project, it will increase the value of the firm.

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