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Sir in an exam question if nominal before-tax weighted average cost of capital and nominal after-tax weighted average cost of capital is given then which one do we have to consider?
It depends what you are being asked to do!!
Assuming we are appraising a project then we would always discount at the after-tax WACC.
This is all explained in my free lectures.
The lectures are a complete free course for Paper Fm and cover everything needed to be able to pass the exam well.
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