Holiday Manufacturing estimates that its WACC is 10%. The company is considering the following six independent investment projects: Project Investment IRR Proj 1 $650 15.30% Proj 2 $1,000 14% Proj 3 $300 12.50% Proj 4 $450 11% Proj 5 $620 9% Proj 6 $700 8% Each project is of equal risk and all would be evaluated using the WACC of 10%. What is the optimal capital budget for the company? $1,950 $2,400 $1,650 $1,000 O $3,020