b) Hawk plc has the following projects in which it can invest: Project Cash Present value NPV at outflow at at t=0 of cash t=0, m t=0, m inflows, m A 10 19 9 B 13 38 25 3.8 7.3 3.5 D 5.0 9.9 4.9 E 4.8 7.1 2.3 Hawk has no other investment opportunities. Projects C and D are mutually exclusive. The capital investment budget at t=0 is limited to 25 million. Hawk plc is committed to maximising the wealth of its shareholders. How should Hawk utilise its capital investment budget if (i) all projects are divisible (can be scaled down)? (4 marks) all projects are indivisible? (4 marks)