Question $316$ pointsl

ABC has a different WACC for each of the following three risk levels of projects. Low$-$risk projects have a WACC of $8\%,$ average$-$risk projects a WACC of $10\%,$ and high$-$risk projects a WACC of $12\%.$

a$)$ Which of the following project$($s$)$ do you recommend that ABC accept if there is no capital constraint? Explain your answer.

b$)$ Which of the following project$($s$)$ do you recommend that ABC aocept if there is a budget of $$1$ million? Explain your answer.

$\backslash$table$[[$Project$,$Initial Outlay,Level of Risk,IRR$],[$A$,150,000,$Low,$9\mathrm{.}50\%$