Poseidon Company has an opportunity to invest in three different projects; Apple, Beta and Delta. Each project would have an initial cost of $10 million. Alpha has an expected rate of return of 16%, Beta has an expected return rate of 8%, and Delta has an expected return of 12%. The company's cost of capital is 6% if they borrow $10 million, 10% if they borrow $20 million, and jumps to 15% if they borrow $30 million. Based on this information, which projects should Poseidon invest in?

		Only Alpha and Delta
		Only Alpha, as it has the highest rate of return
		All three projects
		None of the projects