Which project phase carries the HIGHEST risk?
Answer: A) Infrastructure finance focuses on long-term investments, while corporate finance focuses on short-term gains. Which project phase carries the HIGHEST risk
Because debt is cheaper than equity (leverage effect) Rationale: If you can borrow at 5% and the project makes 10%, the equity owner captures the extra 5% on the leveraged portion, amplifying returns. Which project phase carries the HIGHEST risk