Ziege Systems is considering the following independent projects for the coming year:

Project Required

Investment Rate of

Return

Risk

A $$4$ million $12\mathrm{.}25\%$ High

B $5$ million $14\mathrm{.}75$ High

C $3$ million $10\mathrm{.}25$ Low

D $2$ million $10\mathrm{.}00$ Average

E $6$ million $13\mathrm{.}25$ High

F $5$ million $13\mathrm{.}25$ Average

G $6$ million $8\mathrm{.}00$ Low

H $3$ million $12\mathrm{.}25$ Low

Ziege's WACC is $10\mathrm{.}75\%,$ but it adjusts for risk by adding $2\%$ to the WACC for high$-$risk projects and subtracting $2\%$ for low$-$risk projects.

Which projects should Ziege accept if it faces no capital constraints?

Project A

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Project B

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Project C

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Project D

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Project E

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Project F

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Project G

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Project H

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If Ziege can only invest a total of $$13$ million, which projects should it accept?

Project A

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Project B

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Project C

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Project D

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Project E

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Project F

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Project G

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Project H

$-$Select$-$

If Ziege can only invest a total of $$13$ million, what would be the dollar size of its capital budget? Enter your answer in millions. For example, an answer of $$10,550,000$ should be entered as $10\mathrm{.}55.$ Round your answer to two decimal places.

$

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 $1\%.$ Assuming that Ziege uses the same method of risk adjustment, which projects should it now accept?

Project A

$-$Select$-$

Project B

$-$Select$-$

Project C

$-$Select$-$

Project D

$-$Select$-$

Project E

$-$Select$-$

Project F

$-$Select$-$

Project G

$-$Select$-$

Project H

$-$Select$-$

What would be the dollar size of its capital budget? Enter your answer in millions. For example, an answer of $$10,550,000$ should be entered as $10\mathrm{.}55.$ Round your answer to two decimal places.

$

million