Today, the instructor has a lot of students planning to attend his office hours. He knows in advance, how much time is needed by each student. (For example, student S1 needs t1 minutes, student S2 needs t2 minutes and so on ... .) All students came at the same time, so all but one will have to wait for their questions to be answered. The instructor wants to minimize the total waiting time

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?