Luxury Production Materials (LPM) generated the following information for its capital budgeting manager: IRR Capital Structure Project Cost Type of Capital Proportion $70,000 18.0% Debt 60.0% 65,000 15.0 Common equity 40.0 75,000 14.0 72,000 12.0 LPM's weighted average cost of capital (WACC) is 13 percent if the firm does not have to issue new common equity; if new common equity is needed, its WACC is 16 percent. If LPM expects to generate $80,000 in retained earnings this year, which project(s) should be purchased? Assume that the projects are independent and indivisible. O a. Projects D, E, and F should be purchased. O b. Only Project D should be purchased. O c. None of the projects should be purchased. O d. Projects D and E should be purchased. O e. All of the projects should be purchased