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When we use WACC approach in capital budgeting, we exclude interest expenses in the cash flow estimation because: O interest expenses are tax deductible. O

When we use WACC approach in capital budgeting, we exclude interest expenses in the cash flow estimation because:

O interest expenses are tax deductible.

O interest expenses are financing cash flows.

O interest expenses are not tax dedcutible.

O interest expenses are incorporated in the cost of capital.

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