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eBook 6. Marble Construction estimates that its WACC is 8% if equity comes from retained earnings. However, if the company issues new stock to raise new equity, it estimates that its WACC will rise to 8.7%. The company believes that it will exhaust its retained earnings at $2,400,000 of capital due to the number of highly profitable projects available to the firm and its limited earnings. The company is considenng the following seven investment projects: 7. Project Size IRR A-Z $ 700,000 13.9% 1,030,000 13.7 950,000 8.3 1,230,000 9.3 490,000 9.0 700,000 8.0 710,000 7.9 Assume that each of these projects is independent and that each is just as risky as the firm's existing assets. Which set of projects should be accepted? Project A accept NE Project B accept Project C don't accept Project D accept Project E accept Project F don't accept Project G don't acceptY What is the firm's optimal capital budget? Round your answer to the nearest dolar. 5810000 Hide Feedhaek 1:36 PM 12/8/2019 22 earch