6) Laverendrye Inc. has $20 million to invest and is looking at three projects. The company's hurdle rate is 9%. Project A's initial investment is $11 million and the cash flow over four years is $1 million, $2 million, $8 million, and $10 million, respectively. Project B's initial investment is $14 million and cash flow over the same period is $10 million, $7 million, $4 million and $4 million. Project C's initial investment is $18 million and its cash flow is $2 million, $5 million, $9 million, and $11 million, respectively. The projects are divisible. Because La Verendrye cannot undertake all three projects, what is their best investment decision? (18 marks)