- Words: 519
- Length: 2 Pages
- Topic: Economics
- Paper #: 93614729
3a) This depends on the project. b) Better than the company or industry average, whichever is higher. C) Higher than the cost of capital. d) e) over 0.
The objection is based on speculation. Since we do not know what the future reinvestment rate is going to be, we must work with the best information we have today.
Again, the objection is the same. A complaint that we have less than