Oxygen Ltd is considering the following capital investment schedule. Project-Capital Required-Expected IRR A-$25m-16.3% B-$30m-15.2% C-$30m-16.5% D-$35m-17.5% Oxygen has a required rate of return of 16% and $60 million loan available from the bank to fund the above projects. The current lending rate from the bank is 8% p.a. From a purely financial point of view, Oxygen should:

Accept project D, and reject projects A, B and C.

Accept projects A and D, and reject projects B and C.

Accept projects A, D and C, and reject project B.

Accept projects B and C, and reject projects A and D.

Accept all projects up to a total of $60 million because they all earn more than the bank rate