Regardless of the particular source of funds utilized for a project, the required rate of return, or discount rate, will be the weighted average cost of capital.

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The weighted average cost of capital (WACC) is a calculation of the cost of financing a business, which includes both equity and debt. It represents the minimum rate of return that a company must earn on its project investments to satisfy its investors or stakeholders. Therefore, regardless of the source of funds used for a project, the WACC is the appropriate discount rate to calculate the project's net present value or internal rate of return.

Regardless of the Particular Source of Funds Utilized for a Project