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 11.6%. The company believes that if will exhaust its retained earnings at $2,400,000 of capital due to the number of highly profitable projects avaliable to the firm and its limited earnings. The company is considering the following seven investment projects: Assume that each of these projects is independent and that each is just as nisky as the firm's existing assets, Which set of projects should be accepted? What is the firm's optimal copital bodget? Round your answer to the nearest dollec