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Initial Investment Cash flow Project A $30 million $12 million per year for four years Project B $18 million $6 million per year for five

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Initial Investment Cash flow Project A $30 million $12 million per year for four years Project B $18 million $6 million per year for five years Project C $12 million $6 million per year for four years Project D $18 million $9.0 million per year for three years An investor has a budget of $30 milion. He can invest in the projects shown above. If the cost of capital is 8%, what investment or investments should he make? O A. Project A OB. Project B OC. Project B and Project C OD. Project C and Project D

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