Question: Hello, I needed some help with this problem. Q-11 Incorrect Question 11 0 / 5.55 pts Firm A has 11 equally risky capital budgeting projects,

Hello, I needed some help with this problem.

Q-11

Incorrect Question 11 0 / 5.55 pts Firm A has 11 equally risky capital budgeting projects, each costing $29.608 million and each having an expected rate of return of 8.25%. Firm A's retained earnings breakpoint is $296.08 million. The firm's WACC using retained earnings is 8.0% but increases to 8.5% if new equity must be issued. The company invests in projects where the expected return exceeds the cost of capital. How much capital should Firm A raise and invest? Note: answer is in millions of dollars, enter only the number 296.08

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