Vang Enterprises, which is debt-free and finances only with equity from retained earnings, is considering 7 equal-sized capital budgeting projects. Its CFO hired you to assist in deciding whether none, some, or all of the projects should be accepted. You have the following information: TRF-4-50%; RPM-5.00%; and b 0.90. The company adds or subtracts a specified percentage to the corporate WACC when it evaluates projects that have above- or below-average risk. Data on the 7 projects are shown below. If these are the only projects under consideration, how large should the capital budget be? Expected Project 1 Risk Very low Risk factor return Cost (millions) -2.00% 7.50% $25 2 Low -1.00% 9.00% $25 3 Average 0.00% 10.05% $25 4 High 1.00% 10.25% $25 5 Very high 2.00% 10.65% $25 07 69 Very high 2.00% 10.85% $25 Very high 2.00% 12.95% $25 0 a. $150 million b. $75 million O c. $25 million d. $125 million e. $100 million