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Marble Construction estimates that its WACC is 11% if equity comes from retained earnings. However, if the company issues new stock to raise new equity,

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Marble Construction estimates that its WACC is 11% 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 11.7%. The company believes that it will exhaust its retained earnings at $2,300,000 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 IRR $ 670,000 1,100,000 990,000 1,160,000 450,000 670,000 750,000 13.5% 13.8 12.2 11.3 12.0 10.8 11.0 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- Project B -Select- Project C Project D -Select- -Select- Project E -Select- -Select- : Project F Project G -Select- What is the firm's optimal capital budget? Round your answer to the nearest dollar

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