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Using a company's cost of capital to evaluate a project is: I)Always correct II)Always incorrect III)Correct for projects that have average risk compared to the

Using a company's cost of capital to evaluate a project is:

I)Always correct

II)Always incorrect

III)Correct for projects that have average risk compared to the firm's other assets

a.

I only

b.

II only

c.

III only

d.

I and III only

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