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QUESTION

In perfect capital markets (no taxes, financial distress costs, etc.), the cost of capital for a particular project depends most importantly on:The...

In perfect capital markets (no taxes, financial distress costs, etc.), the cost of capital for a particular project depends most importantly on:

a.The use of the capital/the project itself

b.The company's cost of capital

c.The cost of capital in the firm's primary industry

d.The company's leverage ratio

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