Adamson is considering four average-risk projects: Project Cost ($million) Return (%) A 2 12 B 3 10.5 C 4 11.5 D 5 12.5 E 2 11 The company can issue debt at rd = 10%. It can issue preferred stock that pays a constant dividend of $7 per year at $60 per share. Its common stock currently sells for $35 per share ; the next expected dividend is $2.25 and expected to grow at a constant rate of 6% per year. The target capital structure consists of 70% common stock, 20% debt, and 10% preferred stock. Only projects with expected returns that exceed WACC will be accepted. Which project(s) should Adamson accept?