A firm must choose from six capital budgeting proposals outlined below. The firm is subject to capital rationing and has an initial budget of - $1,000,000; the firm's WACC is 15 percent. Project Initial Investment IRR NPV 4 1 $200,000 19% $100,000 2 400,000 17 20,000 3 250,000 16 60,000 4 200,000 12 -5,000 5 150.000 20 50,000 6 400,000 15 150,000 Using the internal rate of return approach to ranking projects, which project(s) should the firm accept if the projects are independent? O a 1, 2, 3, 4, and 5 O b. 2, 3, 4, and 6 O c. 1, 2, 3, and 5 O d. 1,3, 4, and 6