Given the following information:
Project Cost IRR
A 1M 5%
B 4 22
C 10 11
D 10 13
E 5 9
F 15 6
G 10 14
H 20 4
The company can borrow the capital at 5% up to 25 million dollars, whereas just beyond 25 million dollars the WACC jumps to 5.5%.
Show the cutoff between profitable and unprofitable projects as the WACC rises.