Which of the projects will the company accept? (a) No budget limitation (b) subject to budget Project Required investment (in millions) Risk-adjusted WACC NPV (in millions) Profitability Index Ranking Available Capital Ranking A $200 H, $50 B 70 H, 45 C 150 L, 40 D 30 A, 30 E 120 H, 20 F 100 A, 5 G 50 L, -1 H 10 L, -5 Except for projects C and D are mutually exclusive, all the other projects are independent. 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 of $230. Select one: a. B, D, G b. B, D, E c. B, D, F, H d. A, D e. B, C

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