Turners, Inc. has 3 divisions. If the divisions could be given separate betas, management believes that division As beta would be 5 percent higher than division Bs, and 15 percent lower than division Cs. Division C currently has a proposed project that entails expanding its current operations. Which one of the following is most likely the best approach to take when determining the discount rate to assign to that project?

Question 4 options:

1)	use the companys current WACC

2)	use the current market rate of return

3)	use the subjective approach

4)	use the pure play approach