German automakers audi, mercedes-benz, and bmw all share the same goal of leading the international luxury vehicle market. audi has made the decision to target younger professionals in established markets and this decision is reflected in the company's new, trendy body designs. audi's approach of targeting younger professionals in established markets is a strategic move aimed at

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?