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When a firm cannot raise financing for a project under any circumstances, the firm is facing a situation known as: Group of answer choices hard rationing. soft rationing. scenario analysis. contingency planning. sensitivity analysis.

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Answer: Hard Rationing

Step-by-step explanation:

Hard rationing is a type of Capital rationing which is a term used to explain the cutting back on projects by companies that have limited access to funds.

When Hard Rationing is implemented, it is because the firm is unable to raise financing for a project under any circumstance due to factors that are out of their own hands for instance debt covenants that limit new debt being acquired.

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