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What is the cost of capital or the required return in order to calculate the NPV?

What is the cost of capital or the required return in order to calculate the NPV?

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This is the minimum acceptable rate of return in which an investor will stay in the project.

A project is financed through equity capital and/or debt capital. The providers of such finance want returns periodically. Cost of capital indicates that return by which those financers are satisfied. Therefore, such return must be achieved. It is expressed in percentage and required in NPV calculation.

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