The big dilemma an acquisition-minded firm faces is whether to

A. focus on building brand awareness or establishing supplier relationships.
B. pay a premium price for a successful company or buy a struggling company at a bargain price.
C. strive for scale economies or to acquire technical know-how to customize production.
D. focus on building brand awareness or striving for scale economies.
E. focus on acquiring technical know-how or outsourcing production.

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?