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Ziege Systems is considering the following independent projects for the coming year. Project---Required Investment------ Rate of Return----- Risk A-------------$4 million---------------------13%---------High B--------------5 million---------------------10.5---------High C--------------3 million--------------------- 8.5---------Low

Ziege Systems is considering the following independent projects for the coming year. Project---Required Investment------ Rate of Return----- Risk A-------------$4 million---------------------13%---------High B--------------5 million---------------------10.5---------High C--------------3 million--------------------- 8.5---------Low D--------------2 million--------------------- 8.5---------Average E--------------6 million---------------------11.5---------High F--------------5 million---------------------11.5---------Average G--------------6 million--------------------- 6.5---------Low H--------------3 million--------------------10.25---------Low Ziege's WACC is 9.00%, but it adjusts for risk by adding 2% to the WACC for high-risk projects and subtracting 2% for low-risk projects. If Ziege can only invest a total of $13 million, what would be the dollar size of its capital budget? Round your answer to two decimal places. $ 12 million Suppose Ziege can raise additional funds beyond the $13 million, but each new increment (or partial increment) of $5 million of new capital will cause the WACC to increase by 1%. What would be the dollar size of its capital budget? Round your answer to two decimal places. $ ________________million

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