Question: Problem 4 (10 marks) You are a project manager with a capital budget of $8 million. You are considering the following independent a) Why might

 Problem 4 (10 marks) You are a project manager with acapital budget of $8 million. You are considering the following independent a)

Problem 4 (10 marks) You are a project manager with a capital budget of $8 million. You are considering the following independent a) Why might these projects have different discount rates? (1 mark) b) Which projects should be chosen if there was no capital rationing? (7 marks) c) Which projects should be chosen if the capital budget is $8 million? ( 2 marks)

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