Initial Investment Cash flow Project A $14 million $8 milion per year for three years Project B $12 milion $6 million per year for three years Project $10 milion $4 milion per year for six years Project D 58 million $3.0 million per year for eight years An Investor has a budget of $20 milion. He can invest in the projects shown above. If the cost of capital in 9%, what investment or investments should he maker? A Project A 8. Project B OC Project B and Project D OD Project and Project