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10) Salient Corp. has estimated the following Marginal Cost of Capital (MCC) Schedule: WACC1 =...

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10) Salient Corp. has estimated the following Marginal Cost of Capital (MCC) Schedule: WACC1 = 13.7% Breakpointi (Retained Earnings) = $7,270,000 WACC2 = 14.1% Breakpoint2 (Depreciation) = $10,270,000 WACC; = 15.5% The firm is evaluating the following independent, discretionary, normal cash flow projects as part of their Investment Opportunity Set: Project Investment ($) Internal Rate of Return A $3,275,000 17.3% B $4,500,000 15.7% $2,220,000 15.0% D $2,000,000 14.8% What is Salient's optimal capital budget - which projects should they invest in and which ones should they reject? (Please identify the relevant WACC for each project first.)

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