Which of the following best explains the limitations of using WACC as a discount rate for evaluating projects? O d. WACC and beta must be in equilibrium O WACC is only true when using debt and equity...

Extracted text: Which of the following best explains the limitations of using WACC as a discount rate for evaluating projects? O d. WACC and beta must be in equilibrium O WACC is only true when using debt and equity for capital O It is difficult to find the needed information to determine WACC O The firm itself is a portfolio of projects with varying degrees of systematic risk


Extracted text: When a project results in multiple IRR's due to unconventional cash flows, which capital budgeting technique should be used? O Internal rate of return is the highest O Net present value is the highest O None of the above O Payback period is the shortest