The Ajax Corporation has the following set of projects available to it:

Note: All projects have equal risk.

Calculate the cumulative investment and complete Ajax's schedule of potential projects. $($Hint: Ajax prioritizes projects according to their expected

rates of return.$)$

Ajax can raise funds with the following marginal costs. Calculate the cumulative funds raised to complete the following table.

What is the optimal capital budget $($in millions$)$ for Ajax?

$$1,300$

$$500$

$$550$

$$875$