White House Corporation has the following capital structure and additional information that can be used to calculate their weighted average cost of capital if their tax rate is 30%.

Percent of Capital Structure

Debt	50%
Preferred Stock	30%
Common Stock	20%

Additional Information

$1,000 Bond - Term	10 years
$1,000 Bond - Price	$989
$1,000 Bond Coupon Rate	12%
Preferred Stock Dividend	$4.52
Preferred Stock Price	$103
Preferred Stock Flotation	3% of stock price
Common Stock Dividend	$3.33
Common Stock - Price	$72
Growth Rate	7%

White House Corporation is also currently considering an investment in 6 projects with returns and costs detailed below, Graph each of the projects in terms of cost relative to the weighted average cost of capital and identify which ones they should pursue.

Projects	Expected Returns	Cost ($ in millions)
Reagan	8%	15
Bush	6%	5
Clinton	2%	12
Nixon	1%	4
Carter	7%	10
Kennedy	9%	6