57. You are a manager with an investment budget of $8 million. You may invest in the following projects. Investment and cash flow figures are in millions of dollars. Calculate NPV \& IRR for all five projects. 58. Which project should the manager choose? 59. Which project should the manager choose if there is NO Capital Rationing? 60. You have an old machine that is expected to produce a cash inflow of $5,000 in each of the next 3 years before it fails. You can replace it now with a new machine that cots $20,000 but is much more efficient and will provide a cash flow of $10,000 a year for 4 years. Calculate NPV, IRR, Profitability Index, and Payback Period. 61. Should you replace your equipment now? The discount rate is 15%