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Which of the following best defines the term weighted average cost of capital (WACC)? Multiple Choice Base case net present value of a project's operating

Which of the following best defines the term weighted average cost of capital (WACC)? Multiple Choice

Base case net present value of a project's operating cash flows plus present value of any financing benefits

. Net income after interest and taxes divided by average common shareholders' equity.

Performance measure based on WACC.

The weighted average of the costs of debt and equity. Use of a WACC that is unique to a particular project.

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