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 $300 16.0% B 200 15.5 400 12.0 D 100 11.7 E 200 10.0 F 200 9.0 G 350 8.5 Except for projects A and B are mutually exclusive, all the other projects are independent. Projects A and D are high-risk projects, projects B and E are average-risk projects, while projects C, F, and G are low-risk projects. The company estimates that its WACC is 9%. The company adjusts for risk by adding 3 percentage points to the WACC for high-risk projects and subtracting 3 percentage points from the WACC for low-risk projects. The company has a limited capital budget of $1100 Select one: O a. B, C, E, F O b. A, B, E, G O c. A, B, C, D O d. A, C, D, E O e B, C, F, G