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Which of the following is NOT a step in the WACC valuation method? 1. Determine the mean weighted average cost of capital for the firm's
Which of the following is NOT a step in the WACC valuation method?
| 1. Determine the mean weighted average cost of capital for the firm's industry. |
| 2. Determine the incremental free cash flows of the investment. |
| 3. Compute the weighted average cost of capital. |
| 4. Discount the incremental free cash flows of the investment using the weighted average cost of capital. |
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Finance For Development
Authors: Barbara Stallings
1st Edition
0815780850, 978-0815780854
