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 $200 16.0% B 500 14.0 200 12.5 D 300 11.5 E 350 10.7 F 200 10.0 G 400 5.0 Except for projects B and C are mutually exclusive, all the other projects are independent. Project A, D and F are high-risk project; project B and C are average-risk projects; while project E and G are low-risk project. The company estimates that its WACC is 8%. 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: a. A, C, D b. A, B c. A, D, E d. C, E, F e. A, B, C X