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Texas Transport Has Five Possible Investment Projects for the Coming

question 86

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Texas Transport has five possible investment projects for the coming year.Each project is indivisible.They are:
Texas Transport has five possible investment projects for the coming year.Each project is indivisible.They are:   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.
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

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