Leslie Industries is considering the following independent p…
Leslie Industries is considering the following independent projects for the coming year: Project RequiredInvestment ExpectedRate of Return Risk X $8 million 12.0% High Y 4 million 10.0% Average Z 4 million 5.5% Low Leslie’s WACC is 9 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?