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 = 4.00%; RPM = 6.50%; and b = 1.2. 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 -3.00% 8.60% $30.0 2 Low -2.00% 10.15% $30.0 3 Low -1% 9.10% $30.0 4 Average 0.00% 11.40% $30.0 5 High 1.00% 12.90% $30.0 6 High 2.00% 13.90% $30.0 7 Very high 3.00% 14.00% $30.0 Group of answer choices $90 $120 $150 $60 $30