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Emit Brothers is considering the following projects for the coming year: Project Size ($MM) IRR (%) A 70 12.0 B 125 12.7 C 115 13.2

Emit Brothers is considering the following projects for the coming year:

Project

Size ($MM)

IRR (%)

A

70

12.0

B

125

12.7

C

115

13.2

D

125

13.0

E

85

13.2

F

75

12.3

G

90

13.5

Emit's WACC is 12.5%. Assume that each of the projects is as risky as the firms existing assets, and Project D and Project E are mutually exclusive while the rest are of the projects are independent. If NPVD = $30 million and NPVE = $25 million,and what is the firms optimal capital budgeting for the coming year?

Group of answer choices

$335 million

$420 million

$455 million

$540 million

$495 million

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