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11-17 The CFO of Lazy Loungers is evaluating the following independent, indivisible projects: Project A Cost IRR 21.0% $10,000 15,000 20.0 25,000 16.0 Lazy's weighted

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11-17 The CFO of Lazy Loungers is evaluating the following independent, indivisible projects: Project A Cost IRR 21.0% $10,000 15,000 20.0 25,000 16.0 Lazy's weighted average cost of capital (WACC) is 14 percent if the firm does not have to issue new common equity; if new common equity is needed, its WACC is 17 percent. Lazy's capital structure consists of 40 percent debt. If Lazy has no preferred stock and expects to generate $24,000 in retained earnings this year, which project(s) should be purchased

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