Which of the following would be a "relevant" discount rate for a "new product development project" WACC - 2% WACC WACC + 3% WACC + 8% Question 18 (1 point) Which of the following would b1 a "relevant" discount rate for a "cost saving project" WACC + 8% WACC - 2% WACC WACC + 3% Which of the following type of projects would have above average risk for a firm? expansion project in a new market. expansion project in the existing market new product development project cost saving projects Risk Level Discount Rate WACC -8% 6% Very Low Risk (cost saving projects) Low Risk (Cost saving projects) WACC - 4% 10% WACC 14% Same Risk as Firm (Expansion in the existing market) WACC + 6% 20% High Risk (Expansion in a new market domestic or foreign) Very High Risk (new procuct development projects) WACC + 10% 24%