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Initial Investment Cash flow Project A $49 million $28 million per year for three years Project B $42 million $21 million per year for three

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Initial Investment Cash flow Project A $49 million $28 million per year for three years Project B $42 million $21 million per year for three years Project C $35 million $14 million per year for six years Project D $28 million $10.5 million per year for eight years An investor has a budget of $70 million. He can invest in the projects shown above. If the cost of capital is 10%, what investment or investments should he mako? A. Project A O B. Project B O c. Project B and Project D OD. Project C and Project D

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