Given:

Project	Cost	Cummulative	Criteria	Accept/Reject
A	$1.5mm	$1.5mm	Met	Accept
B	$2.0mm	$3.5mm	Not met	Reject
C	$1.0mm	$4.5mm	Not met	Reject
D	$2.0mm	$6.5mm	Met	Accept

a) If Independent, accept all projects that meet criterial up to the level of the Capital Budget.

In this case, the project D has cost $2.0 mm < 6.5 mm of the cumulative. Please explain why the given table said it meets the criteria in the project D?

b) If Mutually Exclusive, which one is the highest level of criteria? Please explain clearly your answers step by step. Thank you!