BA Corp. is considering the following four projects. Note that the projects are not mutually exclusive and that BA Corp's WACC is 9.25% while its average tax rate is 25%. Project A: Requires an initial investment of $8.25 min and has an NPV of $12.5 min Project B: Requires an initial investment of $6.75 min and has an NPV of $8.65 min Project C: Requires an initial investment of $7.15 min and has an NPV of $8.25 min Project D: Requires an initial investment of $7.70 min and has an NPV of $12.70 min Management has established a capital budget of $15 min for the year. How should management rank the four projects? Select one: a. 1. Project D; 2. Project A; 3. Project C; 4. Project B b. 1. Project D; 2. Project A; 3. Project B; 4. Project c. 1. Project A; 2. Project B: 3. Project C; 4. Project D d. 1. Project B; 2. Project C: 3. Project D; 4. Project A