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: TRP-5.00%; RPM - 5.50% and b -0.86. 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? Cost (millions) $45 Project Risk 1 Very low 2 Low 3 Average 4 High 5 Very high 6 Very high 7 Very high 5180 million 1.5315 million Risk factor -2.00% -1.00% 0.00% 1.00% 2.0096 2.00% Expected return 7.70% 9.00% 10.15% 10.40% 10.90% 11.00% 12.85% $45 $45 $45 $45 $45 2.00% $45 5225 million d $135 million O $270 million