Organizations using a matrix structure contain multiple overlapping command structures, in which all employees report to three or more managers. centralize authority into a single person. establish a hierarchy in which employees report to only one supervisor. contain two command structures, in which some people report to two bosses. utilize teams or workgroups with few lines of authority.

Miami incorporated estimates that its retained earnings break point (bpre) is $21 million, and its wacc is 13.40 percent if common equity comes from retained earnings. however, if the company issues new stock to raise new common equity, it estimates that its wacc will rise to 13.88 percent. the company is considering the following investment projects: project size irr a $4 million 14.00% b 5 million 15.10 c 4 million 16.20 d 6 million 14.20 e 1 million 13.42 f 6 million 13.75 what is the firm's optimal capital budget?