1. A firm has a WACC of 14%. The firm can fund the following investments: Project A with an expected return of 10%, Project B with an expected return of 14%, and Project C with an expected return of 15%. Which projects will the firm choose? Select all that apply.

- Project A

- Project B

- Project C

2. WACC is calculated using which of the following measures? Select all that apply.

-The required return for common stock

-The required return for preferred stock

-Target capital structure weights

-The YTM on bonds