TABLE Q4 summarizes 10 projects that have been proposed to the management of A2Z Manufacturing Sdn. Bhd. The MARR of the company has been 15% for several years. The company can make use of internal investment from investors at a lending rate of 12% or through loan from a bank at a borrowing rate of 16%. TABLE Q4 Project ROR (%) Initial Costs (RM) 20,000 Annual Profits (RM) 2,000 1 16 2 40,000 7,000 18 3 20,000 4,000 10 4 60,000 10,000 8 5 5 20,000 2,000 20 6 40,000 8,000 14 7 20,000 16 2,000 7,000 8 40.000 12 9 20,000 3,000 20 10 20.000 5,000 18 (a) If the budget for initial costs is unlimited, what projects should the company approve? Justify your answer. [5 marks] (b) Rank in order all the acceptable projects in their order of desirability by plotting the cumulative cost of project versus rate of return. Identify projects suitable to be financed by internal investment only or external loan only, respectively. [10 marks] (c) If only RM80,000 is available, which projects should be approved