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