Which of the following is an objection to relying solely on return on market investment (romi) results? a. romi requires knowing what would have happened without the marketing expenditure. b. romi is a standarized measure that organizations can interpret literally. c. romi tends to focus on long term performance rather than short-term performance. d. romi focuses too heavily on the marketing aspects of the firm.

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?