b) Managers from different department in TRe, have offered six projects (Table 3.1) for consideration by the corporate office. A staff member for the chief financial officer used key words to identify the projects and then listed them in order of projected rate of return as shown below. If the company wants to grow rapidly through high leverage and uses only 10% equity financing that has a cost of equity capital of 9% and 90% debt financing with a cost of debt capital of 16%, which projects should the company undertake? Project ID Inventory Technology Warehouse Products Energy Shipping Table 3.1 Projected ROR, % per year 30 28.4 19 13.1 9.6 8.2 [5 marks]