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Scott Mfg. has five possible investment projects for the coming year. They are:

Scott Mfg. has five possible investment projects for the coming year. They are:
Project Investment (million) IRR
A $ 6 20%
B $12 16%
C $ 6 15%
D $ 8 14%
E $ 4 9%
Scott's weighted marginal cost of capital schedule is 12 percent for up to $24 million of investment; beyond $24 million the weighted cost of capital is 13 percent. The optimal capital budget is:

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