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Consider the four projects presented below. If the business can take on multiple projects but has a budget constraint of $50,000, which project(s) should be picked? A Band D Band C Cand D D B, C and D E A and D Project Initial cost $20,000 $10,000 $30,000 PV(inflows) $18,000 $14,000 $36,000 $58,000 $50,000 A project has an initial cost of $20,000 and is expected to generate a single cash inflow of $35,000 in 4 years. Cost of capital is 5%. What is this project's IRR? Pick the right formula below. D D E None of the above A IRR20,000(1+0.05)* - 35,000 BR. 35,000 480) 20,000 - 0 C. IRR- (1986)-1 D. IRR (1.6090-1 According to the April 2019 Duke CFO survey, what was the average hurdle rate used by U.S. CFOs when evaluating new projects? 12% 14% 16%