MFN Ltd is a highly geared company that wishes to expand its operations. A number of possible capital investments have been identified but the company has access to only 800,000. After the projects end, it is unlikely that similar investment opportunities will occur. Details of these projects are given below. Project Net present value () Capital expenditure () A 58,700 330,000 B 77,000 250,000 C 15,500 140,000 D 24,500 520,000 E 71,700 240,000 F 31,000 310,000 Projects A and B are mutually exclusive. All projects are believed to be of similar risk to the company's existing capital investments. Any surplus funds may be invested in the money markets. The company's cost of capital is 6 percent per annum. a)Advise MFN Ltd on its capital expenditure plans, assuming: i)that all the available projects are divisible; ii)that all the available projects are indivisible. You should treat i) and ii) as independent situations. b)Critically evaluate the key stages involved in managing an investment project