Qualcomm is looking to invest in a project. In order to do this, they require capital and they are concerned about how much it will cost to raise this capital. Currently, the company has 48.64 million Class A shares and 364.31 million Class B shares, they are priced at $43.31 and $33.54 per share respectively. The company also has 3 types of bonds still outstanding a bond with a YTM of 3.00% at a market value of $1264.51 million, another with a YTM of 4.85% with a market value of $2024.32 million, and finally a third with a YTM of 10.00% with a market value of $2300.36 million. The risk free rate of the market is 3.64%, and the market risk premium is 6.48%. The beta of Qualcomm is 1.01 and the tax rate is 36.10%. What is the company's cost of capital?

Part B: the three projects are expansion projects that require varying investment totals. The first project costs $135000.00 and would generate a yearly profit of $82000.00 and will last for 9.00 years. The second project costs $198000.00 but will generate a yearly profit of $84000.00 and will last for 11.00 years. Finally, the third project will cost $258000.00, generate a yearly profit of $88000.00 and will last for 16.00 years. The CFO wants your help in determining which project to choose.

Which project is the best investment for Qualcomm?