Adamson is considering four average-risk projects: Project Cost ($million) Return (%) A 2 12 B 11.5 10.5 D 11 E 12.5 The company can issue debt at rd = 9%. It can issue preferred stock that pays a constant dividend of $6 per year at $55 per share. Its common stock currently sells for $30 per share; the next expected dividend is $2.2 and expected to grow at a constant rate of 5.5% per year. The target capital structure consists of 70% common stock, 10% debt, and 20% preferred stock. Only projects with expected returns that exceed WACC will be accepted. Which project(s) should Adamson accept? O A, B, C, D, E O A, E A, B, D, E E O A, B, E 352 4