Project A Project B Project C Project D Initial Investment $14 million $12 million $10 million $8 million Cash flow $8 million per year for three years $6 million per year for three years $4 million per year for six years $3.0 million per year for eight years An investor has a budget of $20 million. He can invest in the projects shown above. If the cost of capital is 9%, what investment or investments should he make? A. Project A B. Project B Project B and Project D OD. Project C and Project D