eBook Marble Construction estimates that its WACC is 9% if equity comes from retained earnings. However, if the company issues new stock to raise new equity, it estimates that its WACC will rise to 9.8%. The company believes that it will exhaust its retained earnings at $2,500,000 of capital due to the number of highly profitable projects available to the firm and its limited earnings. The company is considering the following seven investment projects: Project Size $ 690,000 1,060,000 980,000 1,240,000 500,000 690,000 670,000 IRR 13.9% 13.4 10.2 9.5 10.0 9.0 9.2 Assume that each of these projects is independent and that each is just as risky as the firm's existing assets. Which set of projects should be accepted? Project A -Select- -Select- Project B Project C Project D -Select- + -Select- Project E -Select- . Project F -Select- Project G -Select- - What is the firm's optimal capital budget? Round your answer to the nearest dollar. Grade it Now Save & Continue Continue without saving