Which one of the following statements is correct? Multiple Choice Mandatory projects should only be accepted if they produce a positive NPV when the overall company WACC is used as the discount rate. The pure play approach should only be used with low-risk projects Companies will correctly accept or reject every project if they adopt the subjective approach Overall, a company makes better decisions when it uses the subjective approach than when it uses ts WACC as the discount rate for all projects O The subjective approach assigns a discount rate to each project based on other companies in the same category as the project