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The WACC is both a marginal and an average concept?

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The WACC is both a marginal and an average concept? Explain?

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Weighetd average cost of capital is a concept to calculate the cost of the capital for any investment project or for the company. It is both a marginal and average concept. When we are calculating cost of capital for a company, we do not enter into the specifics of each investment as the company have thousands of small or big projects in which the ...

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