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22. The Suboptimal Glass Company uses a process of capital rationing in its decision making. The firm's cost of capital is 10 percent. It will

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22. The Suboptimal Glass Company uses a process of capital rationing in its decision making. The firm's cost of capital is 10 percent. It will only invest $77,000 this year. It has determined the internal rate of return for each of the following projects: Capital rationing and mutually exclusive investments (L012-4) Project Internal Rate of Return 21% - Project Size $10,500 30,500 25,500 10,500 10,500 20,500 10,500 22 18 13 20 11 16 a. Select the projects that the firm should accept. b. If Projects A and B are mutually exclusive, how would that affect your overall answer? That is, which projects would you accept in spending the $77,000

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