(12 pts) 9. Haslam Corporation considers its optimal structure to be 50 percent debt and 50 percent common stock. Haslam can borrow unlimited amounts at 9 percent. The common stock can be issued with a required return of 16%. Haslam has a tax rate of 25 percent Haslam is considering four investment proposals: Expected Level of Investment Project Return Risk Required 15% High $ 20,000,000 B 8% Low $ 5,000,000 17% High $25,000,000 D 12% Average $ 10,000,000 When Haslam evaluates a project, they consider the level of risk. If the risk level is high, Haslam adds a premium of three percent to the WACC. If the risk level is low, Haslam subtracts one percent. Required: a) Determine Haslam's weighted average cost of capital (WACC). b) Determine Haslam's optimal capital budget