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Which of the following statements about weighted average cost of capital is not true? It is the marginal cost of funds It measures profits and

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Which of the following statements about weighted average cost of capital is not true? It is the marginal cost of funds It measures profits and returns and is preferred by managers. It is calculated as the weighted average of the costs of debt, preferred equity, and common equity. Shareholders compare it to return on a project to determine if their money is best being used by the company or should be paid out to shareholders

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