Question: Question 30 (3.33 points) Micron Technology, Inc is in the process of determining its optimal capital budget for next year. The following investment projects are
Question 30 (3.33 points) Micron Technology, Inc is in the process of determining its optimal capital budget for next year. The following investment projects are under consideration: Required Expected Rate Project Investment of Return $7 million 18.0% 5 million 15.0% 5 million 14.5% D 3 million 14.0% 3 million 13.5% 3 million 13.096 6 million 12.5% c Ton 30 The firm's marginal cost of capital schedule is as follows: Amount of Funds Raised $0-$12 milion $12 million $18 million $18 million $28 million Over $28 million Cost 13.0% 13.5% 15.596 16:59 Determine Micron Technology's optimal capital budget (in dollars) for the coming year. 17 million 20 million 12 million 32 million
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