I did not comment on what to use to do DCF valuations. I just gave a fact that illustrates the comment that interest rates were moving up to 7% was by one metric already exceeded.
IMO the proper DCF rate is not as critical as using the same rate consistently for given time horizons.
IF you do that you can easily select the investment which will produce the highest expected return.
It is astonishing what foolish things one can temporarily believe if one thinks too long alone ... where it is often impossible to bring one's ideas to a conclusive test either formal or experimental. J.M. Keynes
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