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A firm has a WACC of 10% until it has raised $ 100 million. Beyond that the WACC is 12%. The firm has the following

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A firm has a WACC of 10% until it has raised $ 100 million. Beyond that the WACC is 12%. The firm has the following projects and associated costs: Project A has a cost of $50 million and an IRR of 14%; project B has a cost of $70 million and an IRR of 16%; and project C has a cost of $35 million and an IRR of 6%. Which of these three projects should be accepted? Project A only Projects A and B only Projects A and Conly Projects A, B and C

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