Momax Telecom Inc. is attempting to select the best group of independent projects competing for the firm's fixed capital budget of $10,000,000. Any unused portion of this budget will earn less than its 14 percent cost of capital. A summary of key data about the proposed projects follows. PV of Inflows Project Initial Investment IRR at 14% A 3,000,000 21% $3,500,000 B 9,000,000 25 11,500,000 1,000,000 24 1,250,000 D 7,000,000 23 8,580,000 Using the NPV approach which projects should the firm implement and why