QUESTION 3 Emo Incorporated is reviewing the following projects for next year's capital program: Annual Cash Flow ($) Project ABCDEFG Initial Length Investment ($) (Years) 3,000,000 3,500,000 4,000,000 5,000,000 6,000,000 7,100,000 8,000,000 719,374 6 5 970,934 7 904,443 4 1,716,024 1,500,919 6 5 1,941,868 7 1,725,240 Emo has an 11.75% cost of capital and has budgeted $22 million to spend on capital projects next year. Which projects should be included in Emo's capital program? A. Project A B. Project B C. Project C D. Project D E. Project E F. Project F G. Project G

Emo incorporated is reviewing the following projects for next year's capital program: Emo has an 11.75% cost of captal and has budgeted $22 milion to spend on capital projects next year. Which projects should be included in Emo's captal program? A.Project A B.Project B C.Project C D. Project D E. Project E F. Project F G. Project C