3. An investor has a budget of $20 million. He can invest in the projects shown above. If the cost of capital is 10%, what investment or investments should he make? Initial Investment Cash Flow Project A $20 million $9 million per year for five years Project B $12 million $6 million per year for five years Project C $8 million $7 million per year for three years 4. Give the cash flows in #3, what is the crossover rate between projects A and B