Over the last few years, the University of Miami has done a variety of projects to enhance the educational experience at the University. However, they have had to use a variety financing schemes with different D-E mixes and costs of debt and equity capital. Complete the following table by determining the WACC for each project. Then select the project that provided the lowest WACC. Projects Debt Capital WACC Equity Capital Percent Rate Percent Rate Alumni 100% 14.5% Center Student 70% 12.0% 30% 8.8% Activities Center 65% Road 12.0% 35% 7.9% Improvements 50% 50% 11.5% Art Annex 9.8% Restoration