10-51 PROJECT SELECTION company is considering the following capital budgeting projects: Midwest Water Works estimates that its WACC is 10.5%. The Project Size $1 million 2 million 2 million 2 million 1 million 1 million 1 million Rate of Return 12.0% 11.5 11.2 11.0 10.7 10.3 10.2 Assume that each of these projects is just as risky as the firm's existing assets and that the firm may accept all the projects or only some of them. Which set of projects should be accepted? Explain