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b. IBM has the following investment opportunities that are average-risk projects for the firm: Project Cost at t=0 Rate of Return A $10,000 15% B
b. IBM has the following investment opportunities that are average-risk projects for the firm: Project Cost at t=0 Rate of Return A $10,000 15% B 20,000 14 C 10,000 13 D 20,000 12 E 10,000 10 Which projects should IBM accept if the total budget to undertake projects is $35,000? Fully explain why.
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