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Jacobs Engineering Group Ltd. is in the process of determining its optimal capital budget for next year. The following investment projects are under consideration:

  

Jacobs Engineering Group Ltd. is in the process of determining its optimal capital budget for next year. The following investment projects are under consideration: Project ABCDEFG Required Investment $8 million 5 million 3 million 6 million 3 million 3 million 5 million The firm's marginal cost of capital schedule is as follows: Expected Rate of Return 18.0% 16.5% 16.0% 15.5% 14.5% 13.0% 12.5% Amount of Funds Raised $0 $12 million $12 million $20 million $20 million $28 million Over $28 million - Cost 13.5% 14.5% 15.5% 16.5% Determine Jacobs Engineering Group's optimal capital budget (in dollars) for the coming year.

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