You have to choose between the following projects. If the cost of capital is 7%, what investment or investments should you make if you have a budget of $50 million?

Project C and Project D

Project B

Project A and D

Project A

Project	Initial Investment	Cash flow
A	$50 million	$10 million per year for seven years
B	$50 million	$7 million per year for twelve years
C	$25 million	$5 million per year for seven years
D	$25 million	$3.5 million per year for twelve years