What happens to the wacc when the capital structure of a, Financial Management

What happens to the wacc when the capital structure of a

1) How should the weighted-average cost of capital be applied to projects that are not average-risk projects?

a) What happens to the WACC when the capital structure of a firm changes?

b) Why do firms compute the weighted-average cost of capital if they generally have projects that vary greatly in their degree of risk.

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