Camera .. 7 66% 7:10 PM Today 6:55 PM Edit This Problem Counts 3 Points Continuing with Earnhardt Sports. The company has up to 56,000,000 that can be invested in new projects. Assume that the company's pre-tax cost of debt of 5.0% and a cost of equity of 10% and the amount of debt on the company's balance sheet exactly equals the company's market value of equity. The firm effective tax rate is 21%. The two projects described Winners Circle and Challenge are the only two projects being considered for investment. To maximize economic value created what should Earnhardt Sports do? Choose the best answer from the options below Invest ONLY in the Winners Circle project Invest ONLY in the Challenge project Invest in both the Winners Circle project and the Challenge project O Do NOT invest in either the Winners Circle or the Challenge project O BOGUS QUESTION. Insufficent information to make a decision based on francial analysis only Camera .. 7 66% 7:10 PM Today 6:55 PM Edit This Problem Counts 3 Points Continuing with Earnhardt Sports. The company has up to 56,000,000 that can be invested in new projects. Assume that the company's pre-tax cost of debt of 5.0% and a cost of equity of 10% and the amount of debt on the company's balance sheet exactly equals the company's market value of equity. The firm effective tax rate is 21%. The two projects described Winners Circle and Challenge are the only two projects being considered for investment. To maximize economic value created what should Earnhardt Sports do? Choose the best answer from the options below Invest ONLY in the Winners Circle project Invest ONLY in the Challenge project Invest in both the Winners Circle project and the Challenge project O Do NOT invest in either the Winners Circle or the Challenge project O BOGUS QUESTION. Insufficent information to make a decision based on francial analysis only