Which of the projects will the company accept? (a) No budget limitation (b) subject to budget Project Required investment (in millions) Rate of Return Risk-adjusted WACC Excess Return Ranking Available Capital Ranking $350 16.0% B 400 13.8 500 13.5 D 300 11.5 E 100 10.7 F 200 10.0 G 400 7.0 Except for projects C and D are mutually exclusive, all the other projects are independent. Project A and C are high-risk project; project B and F are average-risk projects; while project D, E, and G are low-risk project. The company estimates that its WACC is 10.5%. The company adjusts for risk by adding 2 percentage points to the WACC for high-risk projects, and subtracting 2 percentage points from the WACC for low-risk projects. The company has a limited capital budget at $900. Select one: O a. A, B, E 0 b. A, B, D O c. A,C O d. B, E, G 0 e. B, D, F