16-13 The state's fish and game department has a capi- tal budget of $9 million. What is the government's opportunity cost of capital if it has the following projects to consider? What does this indicate about which projects should be done? First Cost Rate of Return(%) B/C Ratio at 7% Project A $2,000,000 1,000,000 2,000,000 D 3,000,000 E 2,000,000 3,000,000 3,000,000 1,000,000 14 10 16 13 15 12 1.23 1.42 1.17 1.45 1.56 1.35 1.32 1.26