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Statement I: A company's long-term success depends on its investments earning a sufficient rate of...

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Question

Accounting

Statement I:

A company's long-term success depends on its investments earning a sufficient rate of return.

Statement II:

The cost of capital is the minimum rate of return needed for a company to succeed.

Statement 1 is incorrect; statement 2 is correct
Both statements are incorrect
Both statements are correct
Statement 1 is correct; statement 2 is incorrect

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