Qualcomm is looking to invest in a project. To do this, they require capital and they are concerned about how much it will cost to raise this capital. Currently, the company has 16.24 million Class A shares and 80.13 million Class B shares, they are priced at $60.02 and $52.18 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 $1003.18 million, another with a YTM of 4.85% with a market value of $2016.26 million, and finally a third with a YTM of 10.00% with a market value of $1921.36 million. The risk free rate of the market is 3.15%, and the market risk premium is 2.36%. The beta of Qualcomm is .98 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 $435000.00 and would generate a yearly profit of $76000.00 and will last for 9.00 years. The second project costs $498000.00 but will generate a yearly profit of $84000.00 and will last for 11.00 years. Finally, the third project will cost $598000.00, generate a yearly profit of $89000.00 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?