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Question 6 (1 point) An Investor has a budget of $40 million. He can invest in the projects shown below. If the cost of capital

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Question 6 (1 point) An Investor has a budget of $40 million. He can invest in the projects shown below. If the cost of capital is 5%, what investment or investments should he make using the PI index? Project Initial Investment Cash Flow A $21 million $12 million per year for three years B $12 million $4.5 million per year for eight years $15 million $6 million per year for six years Project B and Project C Project A Project A and Project C Project B

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