Leslie Foods is considering the following independent projec…
Leslie Foods is considering the following independent projects for the coming year: Project RequiredInvestment ExpectedRate of Return Risk X $7 million 10.5% High Y 5 million 8.5% Average Z 4 million 8.5% Low Leslie’s WACC is 10 percent, but it adjusts for risk by adding 2 percent to the WACC for high-risk projects and subtracting 2 percent for low-risk projects. Which project(s) should Leslie accept assuming it faces no capital constraints?