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Company ABC estimates its weighted average cost of capital (WACC) is 10.5%; it has the following list of capital budgeting projects (and their associated rates

Company ABC estimates its weighted average cost of capital (WACC) is 10.5%; it has the following list of capital budgeting projects (and their associated rates of return); each project's projected cost is $1 million. Which projects should it undertake?

Project Rate of Return
A 12.0%
B 11.5%
C 10.5%
D 10.2%
E 10.7%

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