Capital rationing - IRR and NPV appreaches Valley Corporation is attempting to select the bost of a group of independent projects competing for the firm's fred cepital budget of 54.75 millon. The fim recognizes that any unused portion of this budget will eam less than its 15% cost of captal thoreby resilling in a present value of inhows that is less than the intial investment. The firm has summarized, in the following tablo, the key data to be used in selecting tho best group of peojects. a. Uving the intemal rate of tebum (IfR) approach, the best group of projects to select is (Select from the dop-down manu.) b. Use the net present value (NPV) appeoach to select the best group of projects (Select from the drop-down menu) c. Compare, contrast, and discuss your findings in parts (a) and (b). (Select the best answer below) A. Since the IRR approach maxirizes the rate of retum, it is the superor method. B. Since the NPV approoch maximizes the rate of return, A is the superior mehod. c. Since the IRR approach maximizes shareholder weath, it is the superior method:- D. Since the NPV approach maximizes ahareholder weath: it is the supenor merod: d. Which projects should the firm inplomicht? Why? (Select the bett anwwot below) A. Projects C and F since thwy mavinie shareholdor wealh B. Projocts B. F, and G since they maviniza shareholger weeth. c. Projocts E,F and G since they maximize thareholder weath