sols 4. Problem 12.05 (Optimal Capital Budget) Ictory ebook Marble Construction estimates that its WACC is 11% fequity comes from retained earnings. Howeverthe company issues new stock to raise new equity, it estimates that its WACC will rise to 115%. The company believes that it will exhaust its retained earnings at $2,400,000 of capital due to the number of highly profitable projects available to the firm and its imited earnings. The company is considering the following seven investment projects: Project Size IRR $630,000 13.6% B 1,070,000 13.6 1,010,000 118 D 1,230,000 117 E 480,000 114 F 630,000 11.0 690,000 10.8 Asume that each of these projects is independent and that each is just as risky as the fum's existing assets, which set of projects should be accepted? Project Project Project Project Project Project Project Sie What is the firm's optimal capital budget? Round your answer to the nearest dla $