3. Blyft, an app that arranges for people to pick you up on their bicycles, has developed the following schedule of potential investment projects that may be undertaken over the next year.- Cost (millions) S3 $2o Expected Return 20%- 22%- 7%- 10% 12%- 8%- 25%, Project. Bo Co D- Ep Fo S5. $2o S1- Draw a graph plotting the firm's investment opportunity curve (IOC) and its marginal cost of capital curve (MCC). Be sure to label your graph clearly. Assume that the firm's marginal cost of capital is 8% for the first $10 million of total investments, 9% for the next $10 million, and 10% for any investments in excess of S20 million Which projects should be adopted? 3. Blyft, an app that arranges for people to pick you up on their bicycles, has developed the following schedule of potential investment projects that may be undertaken over the next year.- Cost (millions) S3 $2o Expected Return 20%- 22%- 7%- 10% 12%- 8%- 25%, Project. Bo Co D- Ep Fo S5. $2o S1- Draw a graph plotting the firm's investment opportunity curve (IOC) and its marginal cost of capital curve (MCC). Be sure to label your graph clearly. Assume that the firm's marginal cost of capital is 8% for the first $10 million of total investments, 9% for the next $10 million, and 10% for any investments in excess of S20 million Which projects should be adopted?