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Robinson Corporation considers its optimal capital structure to be 6 0 percent debt and 4 0 percent common stock. Robinson can borrow unlimited amounts at

Robinson Corporation considers its optimal capital structure to be 60 percent debt and 40 percent common stock. Robinson can borrow unlimited amounts at 12 percent. The common stock can be issued with a required return of 22%. Robinson has a tax rate of 25 percent.
Robinson is considering four investment proposals:
\table[[,Expected,Level of,Investment],[Project,Return,Risk,Required],[A,15%,Low,$200,000,000
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