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borteleto borteleto
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Posts: 2477
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5 years ago
Texas Transport has five possible investment projects for the coming year. Each project is indivisible. They are:

ProjectInvestment (million)IRR
A $618%
B$1015%
C $920%
D $412%
E $324%

The firm's weighted marginal cost of capital schedule is 12 percent for up to $6 million of investment; 16 percent for between $6 million and $18 million of investment; and above $18 million the weighted cost of capital is 18 percent. The optimal capital budget is
A) $12 million.
B) $18 million.
C) $23 million.
D) $28 million.
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DeanaRayDeanaRay
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5 years ago
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borteleto Author
wrote...
#2
5 years ago
This helps so much, thank you for responding so quickly...
wrote...
#3
5 years ago
No worries, I was online and bored Grinning Face with Smiling Eyes
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