_____ 10. If a firm's discount rate is lower than another firm's, the present value of its future cash flows will be higher.

Name: _____ 10. If a firm's discount rate is lower than another firm's, the present value of its future cash flows will be higher.
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This is because a lower discount rate means that future cash flows are being discounted at a lower rate, which leads to a higher present value.

_____ 10 If a Firm's Discount Rate Is Lower Than Another