[25 MARKS] QUESTION 1 Banden Ltd is a highly geared company that wishes to expand its operations. Six possible capital investments have been identified, but the company only has access to a total of N\$6.2 million. The projects are not divisible and may not be postponed until the future. After the projects end, it is unlikely that similar opportunities will occur: Fxnected net cash inflows (including salvage value) Projects A and E are mutually exclusive. All projects are believed to be of similar risk to the company's existing capital investments. Any surplus funds may be invested in the money market to earn a return of 9 percent per year. The money market may be assumed to be an efficient market. Banden's cost of capital is 12 percent per