The property (building and land) probably can be sold for $3 million at the end of 20 years. Project B: An insurance company is seeking to borrow money for 90 days at 13 3/4%per annum, compounded continuously. Project C: A financier owns a manufacturing company. The firm desires additional working capital to allow it to increase its inventories of raw materials and finished products. An investment of $2 million will allow the company to obtain sales that in the past the company had to forgo. The additional capital will increase company profits by $500,000 a year. The financier can recover this additional investment by ordering the company to reduce its inventories and to return the $2 million. For planning purposes, assume the additional investment will be returned at the end of 10 years. Project D: The owners of Sunrise magazine are seeking a loan of $500,000 for 10 years at a 16% interest rate. Project E: The Galveston Bank has indicated a willingness to accept a deposit of any sum of money over $100,000, for any desired duration, at a 14.06% interest rate, compounded monthly. It seems likely that this interest rate will be available from Galveston, or some other bank, for the next several years. Project F: A car rental company is seeking a loan of $2 million to expand its fleet of automobiles. The Company offers to repay the loan by paying $1 million at the end of Year 1 and $1,604,800 at the end of Year2. . ·If there is $4 million available for investment now (or $4.5 million if the Project A land is sold), which projects should be selected? What is the MARR in this situation? ·If there is $9 million available for investment now (or $9.5 million if the Project A land is sold), which projects should be selected?