Question

The cost of capital is:___________

a. the return that a previous project for the firm had earned.
b. the minimum return that a capital budgeting project must earn for it to be accepted.
c. the maximum return a project can earn.
d. none of these.

Answer 1

B

Step-by-step explanation:

i think the correct answer is B

Answer 2

I think that the correct answer is b.