3. (15 points) EECS Corporation has identified six investment opportunities that will last 1 year. The firm draws up a list of all potentially acceptable projects, and computes their IRR and pw at 8.5% MARR as shown below Project Initial Investment 17,000 12,000 15.000 IRR 8% 10% 1300 1120 600 3800 720 1700 20% 10,000 16,000 1 5% If the marginal cost ofcapital for additional funds is 8% for S40,000 and 9% for the next 60,000 and the lending rate (if the company wants to lend their money) is 600 has an investment budget of () S60,000 on hand and (in) S0 on hand, and that there is no partial project investment, what is the best investment strategy and MARR in each case? (Note in both cases, additional borrowing is allowed if it is beneficial to do so.) a) Assume that the company Draw an lavestment Opportunity Schedale (10S) and Mareinal Cont of Capital (MCC) below 25 20 15 10 20000