QI B. (20 Marks) Are the following Capital Budgeting or Financing decisions? Give reasons for your answer. 1. Microsoft decides to spend $500 million to develop a new microprocessor. 2. Glaxo buys a license to produce and sell a new drug developed by a biotech company 3. Merck issues new shares to help pay for the purchase of Medco, a pharmaceutical distribution company 4. Pierre Lapin sells shares to finance expansion of his newly formed security trading firm