The mixing department of complete foods had 62,000 equivalent units of materials for october. of the 62,000 units, 38,000 units were completed and transferred to the next department, and 24,000 units were 20% complete. complete foods's costs per equivalent unit of production are $ 0.75 for direct materials and $ 0.55 for conversion costs. all of the materials are added at the beginning of the process. conversion costs are added evenly throughout the process and the company uses the weighted-average method.

Miami incorporated estimates that its retained earnings break point (bpre) is $21 million, and its wacc is 13.40 percent if common equity comes from retained earnings. however, if the company issues new stock to raise new common equity, it estimates that its wacc will rise to 13.88 percent. the company is considering the following investment projects: project size irr a $4 million 14.00% b 5 million 15.10 c 4 million 16.20 d 6 million 14.20 e 1 million 13.42 f 6 million 13.75 what is the firm's optimal capital budget?