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6The Blatz Brewing Co. is considering the following independent projects: Project Investment NPV PI $9M $10M $10M $1.75M 1.19 $2M $1.8M 1.18 1.20 Suppose that

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6The Blatz Brewing Co. is considering the following independent projects: Project Investment NPV PI $9M $10M $10M $1.75M 1.19 $2M $1.8M 1.18 1.20 Suppose that Blatz has a capital budget constraint of $20M. In other words, Blatz can only spend $20M on new projects. Which projects should it select to maximize the company's value? A) A and B B) A and C C) and C D)A, B and (C E) None

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