Takelmer Industries has a different WACC for each of three types of projects. Low-risk projects have a WACC of 8.00%, average-risk projects a WACC of 10.00%, and high-risk projects a WACC of 12%. Which of the following projects do you recommend the firm accept? 
Definitions:
Self-Fulfilling Prophecies
A prediction that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.
Improve
To make something better or more effective through adjustments or modifications.
Employees
Individuals who are hired by an organization to perform specific duties and tasks in exchange for compensation.
Primacy Effect
The tendency to remember information at the beginning of a list better than information that comes later.
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