Question 23 (3.5 points) smythe Company is considering the following 5 capital budgeting projects. The cost of capital for all projects Project Initial cost NPV IRR $1,000,000 ($650,000) 10% 0.96 $400,000 $113,000 18% $10,000 $2,500 1.52 $2,500,000 $20 15% 1.01 $8,350,000 $515,000 the are should (Note: is possible that more than one project should be accepted. You must check that apply to receive credit all or nothing question. That is, if they should accept projects A and B and you check only A or only B or if you also check answer will be marked wrong)