True or False. Assume that your corporation can borrow all of the money you need for a proposed project at 6 percent per year, compounded annually. In this situation, the appropriate cost of capital to use when evaluating this project is 6 percent per year, compounded annually. Explain.

True or False (Circle one). Assume that your corporation can borrow all of the money you need for a proposed project at 6 percent per year, compounded annually. In this situation, the appropriate cost of capital to use when evaluating this project is 6 percent per year, compounded annually. Brief explanation