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 A $200 16.0% B 500 13.5 400 12.5 1000 11.5 E 600 10.7 F 200 10.0 G 400 7.0 Except for projects A and B 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 11%. 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 $1100. Select one: 0 a. A, D, E b. A, B, C c. A, E d. B, E e. B, C, F