1. KHD Industries is a multi-divisional firm that evaluates its managers based on the return on investment (ROI) earned by their divisions. The evaluation and compensation plans use a targeted ROI of 15% (equal to the cost of capital) and managers receive a bonus of 5% on basic compensation for every one percentage point that their divisions ROI exceeds the 15% threshold. The manager of the Consumer Products Division has made a forecast of the divisions operations and finances for the upcoming year. New projects have been identified for the Division has been identified and evaluated by the Finance staff as follows:

Program	Projected ROI
A	13%
B	19%
C	22%
D	31%

Assuming no restriction on expenditures, what is the optimal mix of new programs that would add value to KHD Industries?