Question 2 (Total 8 marks) ABC Investment CC is attempting to select the best of a group of independent projects for the firm's fixed capital budget of $4,5 million. The firm has recognized that any used funds are costly. The firm has summarized, in the following table, the key data to be used in the selection of the best group of projects. Project Initial Investment IRR A $5,000,000 17% Present value of cash inflows at 15% $5,400,000 B 800,000 18 1,100,000 C 2,000,000 19 2,300,000 D 1,500,000 16 1,600,000 E 800,000 22 900,000 F 2,500,000 23 3,000,000 G 1,200,000 20 1,300,000 (a) Use the IRR to select the best group of projects. (2 marks) (b) Use the NPV to select the best group of projects. (2 marks) (c) Compare, contrast, and discuss your findings in parts (a) and (b). (2 marks) (d) Which projects should the firm implement? Why? (2 marks)