The Board of CUTTING EDGE Co has decided to limit investment funds to $10 million for the next year and is preparing its capital budget. The company is considering five projects, as follows: Net present value Initial investment Project A $2,500,000 Project B $2,200,000 Project C $2,600,000 Project D $1,900,000 Project E $5,000,000 $1,000,000 $1,550,000 $1,350,000 $1,500,000 To be calculated. All five projects have a project life of four years. Projects A, B, C, and D are divisible, and Projects B and D are mutually exclusive. All net present values are in nominal, after-tax terms. Project E is a groundbreaking, environmentally friendly, and green project initiated by the Board of CUTTING-EDGE Co. This project is dedicated to fostering sustainability and minimizing environmental impact while maintaining competitiveness in the market. Despite financial considerations, the Board recognizes the imperative nature of Project E for the company's long- term viability and commitment to eco-conscious practices. Key Features of Project E: 1. Sustainable Practices: Project E will prioritize the adoption of sustainable practices throughout its lifecycle, including energy-efficient operations, responsible waste management, and the utilization of eco-friendly materials and technologies. 2. Carbon Footprint Reduction: A primary focus of Project E will be to measure and reduce carbon emissions associated with company activities. Strategies will be implemented to minimize environmental footprint through renewable energy sources, carbon offsetting, and emission reduction initiatives.