WACC is the:

Question 23 options:

	Cost of obtaining equity financing.
	Cost of obtaining debt financing.
	Required rate of return on a firm.
	Rate of return needed to increase the value of a firm's stock.
	Average IRR of the firm's current projects.

Tax shield refers to a reduction in taxes created by:

Question 25 options:

	Noncash expenses like depreciation.
	An increase cash flow.
	Opportunity costs.
	A reduction in assets.
	A project's incremental expenses.