Question: Given the information below, John the CEO needs to make the capital budgeting decision. Which project(s) is (are) most likely to be accepted, if the

Given the information below, John the CEO needs to make the capital budgeting decision. Which project(s) is (are) most likely to be accepted, if the company's investment budget is $7 million and the required rate of return is 8%? Project A with initial investment of $3 million, NPV of $432,000, payback of 5 years, and IRR of 10%. Project B with initial investment of $2.5 million, NPV of $200,000, payback of 3 years, and IRR of 7%. Project C with initial investment of $3.5 million, NPV of $630,000, payback of 3 years, and IRR of 11%. If the projects are mutually exclusive, accept A and C. If the projects are not mutually exclusive, accept all. If the projects are not mutually exclusive, accept A and C. If the projects are mutually exclusive, accept A

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