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: rRF = 3.00%; RPM = 4.50%; and b = 0.92. 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 Risk Risk factor return Cost (millions) 1 Very low -2.00% 7.70% $15 2 Low -1.00% 9.30% $15 3 Average 0.00% 10.20% $15 4 High 1.00% 10.40% $15 5 Very high 2.00% 10.70% $15 6 Very high 2.00% 10.85% $15 7 Very high 2.00% 13.00% $15 a. $30 million b. $15 million c. $75 million d. $105 million e. $90 million