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Initial Investment Cash flow Project A $5 million $2 millon per year for four years Project B $3 million $1 million per year for five

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Initial Investment Cash flow Project A $5 million $2 millon per year for four years Project B $3 million $1 million per year for five years Project C 52 million $1 million per year for four years Project D $3 million $1,5 million per year for three years An investor has a budget of $5 millon. He can invest in the projects shown above. If the cost of capital is 8%, what investment or investments should he make? A Project B. Project B OC. Project B and Project C OD Project C and Project

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