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MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010
Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017
Sunny Co. is financed exclusively using equity funding and has a cost of equity of 12.75%. It is considering the following projects for investment next year: Project  Required Investment Expected Rate of Return
                        W         $6875            14.10%
                         X         $2,275            12.10%
                         Y         $3595            14.60%
                         Z         $4955            13.65%
Each project has average risk, and Sunny Co. accepts any project whose expected rate of return exceeds its cost of capital. How large should next year's capital budget be?
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