A series of 5 projects (A through E) are being proposed for implementation. The project characteristics are listed below. The interest rate is 6% and the planning horizon is 10 years. Investment Opportunity Initial Investment Annual Return Present Worth A $100,000 $22,000 $61,922 B $60,000 $12,000 $28,321 C D E $80,000 $100,000 $100,000 $17,000 $18,000 $24,000 $45,121 $32,482 $76,642 Which projects are selected and what is the present value of the projects under the following conditions: (a) There is no budget constraint. Projects are indivisible (b) There is a budget constraint of $300,000. Projects are indivisible (c) Project Dis a prerequisite for Project E. Budget constraint is $300,000. Projects are indivisible. Projects selected Present Worth a. unconstrained b. budget constraint budget constraint, D is prerequisite for E C