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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 11,9%. The company believes that it will exhaust its retained eamings at 52,700,000 of capital due to the number of highly profitable projects available to the firm and irs limited earmings. The company is considering the following seven investment projects: Assume that each of these projects is independent and thot each is fust as ripky as the firm's existing assets. Which set of projects should be accepted? Project A Project B Project C Project D Project E Project F Project G What is the firm's optimal capital budget? Round your answer to the nearest dollar

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