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Combo Inc. is a big conglomerate with two divisions. One division (MIN) is in mining and another is in transportation (TRAN).
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D. Combo should use a different WACC for each division.

WACC for company is the weighted average cost and hence, will lie between 10% and 14%

However, 14% should be used for evaluating MIN projects and 10% for TRAN.

as it represents the relevant cost of capital

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