3. Vang Enterprises, which is debt-free and finances only with equity from retained earnings, is considering 7 equal sized capital budgeting projects. Its CFO hired you to assist in deciding whether none, some, or all of the projects should be accepted. You have the following information: rRF=4.50%;PM=5.50%; and b=0.92. The company adds or subtracts a specified percentage to the corporate WACC when it evaluates projects that have above or below average risk. Data on the 7 projects are shown below. If these are the only projects under consideration, how large should the capital budget be