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the minimum rate that a firm should earn on the equity-financed part of an investment.
a return on the equity-financed portion of an investment that, at worst, leaves the market price of the stock unchanged.
by far the most difficult component cost to estimate.
generally lower than the before-tax cost of debt.
My answer is option (D) generally lower than the before-tax cost of debt.
Last option is correct answer <<<<<<<<<<<<
>>>>> generally lower than the before-tax cost of debt.
>>>>>>>>>>>>>>>>generally lower than the before-tax cost of debt.
answer D) ..........................................
